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.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Sumitomo to exit from Chiba styrene monomer joint venture

TOKYO, JAPAN: Sumitomo Chemical Co said that it will withdraw from its styrene monomer production joint venture with Denki Kagaku Kogyo Kabushiki Kais ...

Read more
ADM to end commercial alliance with Metabolix

DECATUR, US: Archer Daniels Midland (ADM) Company announced that ADM Polymer Corporation, a wholly owned subsidiary of ADM, will end its commercial al ...

Read more
BP, ConocoPhillips and Exxon discuss Alaska natural gas export

ALASKA, US: Bob Dudley, CEO, BP; Jim Mulva, CEO, ConocoPhillips and Rex Tillerson, CEO, Exxon Mobil, Alaska’s major oil producers said that the ...

Read more
Valspar refinances debt offering

MINNEAPOLIS, US: Valspar Corporation agreed to sell $400 million aggregate principal amount of 4.2 per cent senior notes due January 15, 2022. The com ...

Read more
GSFC to construct liquid biofertilizers plant

VADODARA, INDIA: Gujarat State Fertilizers and Chemicals Limited (GSFC) has decided to create new production set up ‘Bio Complex’ for larg ...

Read more
Ube establishes local subsidiary in Taiwan

TOKYO, JAPAN: Ube Industries Ltd announced that it has established a local subsidiary in Taiwan to engage in market and sales development for Ube Grou ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X