Agreement about savings plan Sanoma Magazines Belgium
Brussels, 1 December 2009 - On the second of June this year Sanoma Magazines Belgium announced a savings plan of €12.5 million of which half should be realised by a reduction in personnel costs. After 27 weeks of negotiations and four days of strikes the union delegations and the management of Sanoma Magazines Belgium have jointly formulated a pre-agreement yesterday afternoon.
This morning the entire staff has been informed and they have agreed upon the pre-agreement. This encompasses a.o. the following measures:
* For 25 functions a solution was already found in the form of mutations to a different function, voluntary departure and stopping temporary contracts
* For 36 functions a solution will be found in the form of pre-pension at the age of 55 years and voluntary departure
* For a limited amount of people in the other functions that have become obsolete, an ‘employment pool’ will be established in which they will be assisted with internal or external reorientation of their career
Additionally, the management of Sanoma Magazines Belgium and the representatives of the employees have committed themselves to work together towards the recovery of the social climate within the company.
About Sanoma Magazines Belgium: Sanoma Magazines Belgium is part of Sanoma Magazines. Sanoma Magazines is a leading publisher of consumer magazines and digital media that actively connect with a potential audience of 290 million consumers in thirteen European countries.* The company is a Division of the Sanoma Group, a strong European media group operating in diverse fields of media in twenty European countries.
* Sanoma Magazines has operating companies in Belgium, Bulgaria, Croatia, Czech Republic, Hungary, Finland, the Netherlands, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine.
For more information, please contact (not for publication):
Sanoma Magazines Belgium
Rosette Van Rossem, Corporate Communications Director
