Symrise plans €100 mn investment modernize German sites

Symrise plans €100 mn investment to modernize German sites

9:59 PM, 12th January 2012
Symrise plans €100 mn investment to modernize German sites
Dr Heinz-Jurgen Bertram, CEO, Symrise AG.

HOLZMINDEN, GERMANY: The executive board of Symrise AG and the IG BCE developed their collective agreements with the aim to strengthen the company’s German sites and ensuring qualified personnel in the long term. Symrise is therefore extending its employment guarantee for its German sites from the previous date of 2016 to the end of 2020. In return, the staff will do without some salary increases in the future. In addition, the 40-hour week has been fixed until 2020. The agreement also provides for some major additional investment in the German sites.

Symrise intends to make further investments of €100 million in the expansion and modernization of the German sites. “This extended agreement represents a long-term commitment to our German sites and sends out a strong signal to our employees. It includes far-reaching measures designed to strengthen our international competitive position. A sturdy foundation for our Company and our employees is crucial to the lasting continuation of our profitable course of growth,” said Dr Heinz-Jurgen Bertram, CEO, Symrise AG.

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