Sint-Truiden (Eurotoday Newspaper) – U.S. firm Tenneco is offering gross bonuses to employees at its Sint-Truiden plant who voluntarily opt to leave, amid restructuring efforts.
The business anticipates being able to reduce staff as a result. Het Belang van Limburg reported this, and VRT NWS verified it. The number of employees the corporation plans to let go is unknown.
“A severance package was put forward at the time for people who wished to leave the company voluntarily.”
Tenneco in Sint-Truiden employs between 800 and 1,000 people, 600 of whom are blue-collar workers. Therefore, voluntary redundancies are compensated for by a gross bonus. “This depends on the employee’s seniority,”
Gueroui explains.
“I estimate it to be between €1,500 and €2,000 per year of service.”
The suggestion was given by management during a works council meeting two weeks ago, but the news has just recently surfaced. Nadia Gueroui, a union representative for ACV Metea in Belgium, attested to this.
“The reason for this arrangement is, of course, the poor economic situation,”
says Gueroui.
“Production is declining. The automotive sector has been struggling for some time. It’s been going through ups and downs, but the Sint-Truiden site doesn’t often have new orders or products to produce.”
Since Friday, the company has been on collective leave, and it will stay that way until August 11. Employees are required to identify whether they are open to quitting when they return from vacation.
“Interest forms were distributed last week. During the collective leave, staff can consider their options. They have until August 15th to submit the forms,”
said the union secretary.
Ultimately, it’s the company that will decide who can leave.
“That makes sense in a way,”
Gueroui responds.
“The employee can express their interest. The company will assess the skills needed to keep production running. It would be unwise to let go of unique roles.”
Gueroui currently has difficulty estimating whether many employees will sign up for the plan.
“I don’t know how warmly or coldly this will be received. At Tenneco, we still have a collective labor agreement for job security in effect until the end of this year. If people know something is coming, they might prefer to stay on board, because the compensation agreed upon afterward might be of a different magnitude.”
What impact might the downsizing have on Tenneco
Comments
4 responses to “Tenneco Grants Bonuses to Sint-Truiden Employees”
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Oh, lovely, a generous bonus for leaving – who knew quitting could be so rewarding? Makes you wonder if the exit sign comes with a complimentary bottle of champagne! 🍾😏
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Ah, nothing quite like a “generous” bonus for exiting the company, just in time for summer holidays! Who wouldn’t want to trade a job for a few euros and a sunny vacation? ☀️💸
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Looks like Tenneco’s idea of a “bonus” is just their way of saying “Cheers for the memories, but we need less of you”. Who knew leaving your job could come with a little cash incentive, eh? 💸✌️
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Bonus for leaving? How generous! Nothing screams “we care about our employees” like paying them to hit the road while the economy’s doing the tango with disaster. 💃💰
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Seems like Tenneco’s idea of a “bonus” is just a fancy way to say, “We’re paying you to leave, so we don’t have to deal with your presence anymore.” Brilliant strategy, if only they offered a complimentary farewell cake too! 🎂💼
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