Propal company (from Carvajal) announces massive employee retirement

The paper industry is not going through its best momentThis is demonstrated by the figures that led to Propal, a Carvajal company, Offer voluntary retirement to your employees.

“Aware of the competitive environment in which we operate, where the paper industry is not going through its best moment, and the road to recovery will be full of challenges, It is necessary to carry out strategies that contribute to taking care of the sustainability of the company over time. and what it represents for its collaborators, community, clients and allies in general. In this context, thinking about the people who accompany us through their work and with a view to preserving the business as a source of employment, it is necessary to rethink expenses in general, which is why Various strategies have been developed that allow us to adapt to the new realities of competitiveness. and the markets where we participate,” the communication states.

That’s why, They offered two alternatives:

Option 1: People who voluntarily wish to do so and who are three years or less away from the old-age pensionthe following withdrawal alternative:

• A voluntary non-salary aid equivalent to a percentage of the last average salary, for the time remaining to meet the requirements to access the legal pension.
• Continuity for the employee and his or her basic family group in the Complementary health plan under current conditions.
• Continuity in the coverage of the group policies offered by the company, authorizing their respective discount.

Option 2: People who voluntarily so wish and who are more than three years away from the old-age pension, the following retirement option:

• A bonus that does not constitute a salary equivalent to the value that would be caused as legal compensation for the termination of the employment contract without just cause.
• Additionally, a sum of money equivalent to three basic or variable salaries if applicable.
• Three (3) months of the EPS and the complementary plan where applicable (only the basic family group), all in money that will be added to the retirement bonus.

The communication ends by saying that “we understand that there are difficult decisions to make, however, we are accompanied by a genuine will to recover and strengthen Propal, along this path, our greatest bet is maintain responsible and transparent communication, thinking of each of you as families and people who have contributed to the construction of this company.”