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Symrise Lengthens Contract with IG BCE

Posted: February 11, 2011

The executive board of Symrise AG (Holzminden, Germany) and representatives of the Mining, Chemical and Energy Industrial Union “Industriegewerkschaft Bergbau, Chemie, Energie” (IG BCE) signed a new collective agreement that prolongs the existing agreement of August 19, 2009, to 2016. It also contains a range of supplementary vocational training and staff qualification measures. The aim of the new agreement is to strengthen Symrise’s long-term international competitiveness and to support the company’s growth.

With the collective agreement concluded on February 10, 2011, both sides gave their backing to expand the existing arrangements made in 2009: Symrise agreed to extend its job moratorium for its German sites by a further two years; it was originally set to expire in 2014. In addition, Symrise will invest about €120 million in expanding and modernizing its German sites by 2016. It was also agreed to bring forward the next pay rise, which was originally scheduled for December 1, 2011, to August 1, 2011.