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Tubacex Management and Trade Unions reach an agreement

TUBACEX MANAGEMENT AND TRADE UNIONS REACH AN AGREEMENT TO INCREASE COMPETITIVENESS

TUBACEX Management and the Trade Unions (LAB, CC.OO., ELA and UGT), which account for the vast majority of trade union representations in the company, have signed a preliminary agreement aimed at increasing and improving competitiveness in the Acería de Álava and Tubacex Tubos Inoxidables subsidiaries.

This preliminary agreement, which has been reached after several months of negotiations, is framed within the company's competitiveness improvement plan, which expects to implement relevant changes for the future of both subsidiaries within the TUBACEX Group. The draft will be drawn up by both parts and approved in the Joint Committee, in compliance with the provisions of the current collective agreement.

TUBACEX's Management has stated their satisfaction with the broad consensus and the relevance of the agreed principles. They have highlighted the inclusion of a large number of permanent contracts in the staff of TTI and Acerálava.

Press relations

Nagore Larrea

nlarrea@tubacex.com