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Diari de Catalunya

Agreement for International Paper closure in Valls and Montblanc affects 163

Most of the workforce has accepted the ERE conditions, which include redeployment and economic compensation.

Generic image of a factory with a closure sign or a group of workers gathered.
IA

Generic image of a factory with a closure sign or a group of workers gathered.

The majority of International Paper workers have approved the agreement reached with management for the closure of the Valls and Montblanc plants, a decision impacting 163 individuals.

This agreement, resulting from negotiations between the works council and the company's management, foresees the start of the closure on March 31. The employment regulation file (ERE) includes an external redeployment plan designed for the entire affected workforce.
Furthermore, a standby group of 22 people has been established. These employees will remain active primarily until May 31, with the possibility of extending their activity until November 2026 at the latest, to carry out dismantling tasks and ensure an orderly closure of the facilities.
Regarding economic compensation, the agreement differentiates by age group. Workers under 56 years old will receive severance pay of 45 or 33 days per year worked, according to legal brackets, supplemented by a linear bonus of 500 euros for each year of seniority at the company. For employees aged 63 or older, severance pay of 20 days per year, a 3,000 euro bonus, and a monthly income plan have been set.
The agreement also includes protection measures for older workers. Employees between 56 and 63 years old with more than 12 years of seniority will benefit from a monthly income plan guaranteeing between 75% and 85% of their net salary until retirement age, with an annual revaluation of 2%. Additionally, the company will cover the cost of the Special Agreement with Social Security for all employees over 55 years old.

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