Friday, July 3, 2015

V & D removes 400 jobs – Financieele Dagblad (Registration)

The management of department store V & D has with the unions found a solution to the protracted wage dispute for months. The announced wage reduction is deleted, but there is a restructuring that could cost 400 jobs.

The unions agreed a social plan to cushion the effects of the reorganization. Further, the seniority scheme at V & D retrenched and provide all employees once a holiday in

The agreement is the end of the. Summer submitted to the council. If the or and members of the unions concerned accept the agreement, then the planned lawsuit on July 8 from the job. The judge would have to cut through the knot if the parties can not solve.

Judge intervenes

That seemed a long time. A stalemate had arisen after the V & D management in February tried to unilaterally impose a wage discount. The judge held that same month in a lawsuit brought by the unions from happening.

On appeal in May, the judge sent both parties back to the negotiating table. Then was appointed as mediator Peter Ingelse, former president of the Enterprise Chamber. Under his guidance both sides have come to an agreement.

Trenches

V & D had been entrenched in the trenches. The liquidity problems will hit corporate salary sacrifice necessary for survival.

The company owner of Sun Capital, which earlier this year € 60 million extra in V & D branch, two years had time to become financially healthy again. Apart from the trade unions should V & D within two months to reach an agreement with some of the landlords of retail

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