Ciech won’t fire employees in its Soda unit

WSE-Listed chemicals group Ciech came to agreement with labor union at its soda unit. The company won’t fire 155 employees in exchange for a 3-year freeze on wage demands. According to the agreement, no employees will be laid off in the Soda Polska Ciech for the next 3 years, some of them will be transferred to other companies in the group and some of the workers with the lowest salary will get the raise to PLN 2,000. Some PLN 2 million will be put in the unit’s employee fund. In return, labor unions will forfeit all wage and benefits claims for the next 36 months.