Saverglass is facing an unprecedented drop in orders in its history. To survive, the luxury glassmaker based in Feuquières has just proposed a new agreement to the unions who had refused the first.
To deal with the crisis in which it is plunged, Saverglass had proposed a salary cut of 7% over six months to its employees. A proposal rejected by the CGT, which demanded clarification of the luxury glassmaker's accounts. Jean-Marc Arrambourg, president of Saverglass, therefore submitted a new proposal to them.
In a press release published on Wednesday November 13, the latter confirms.
“Saverglass, like all packaging glass players (…) is affected by an unprecedented fall in orders, mainly in Europe“.
Jean-Marc Arrambourg, CEO of Saverglass
Because after the good recovery after Covid, inflation drastically reduced consumption. That, “as wine growers and spirits producers restocked extremely low stocks. From the end of 2023, their very low turnover led to a drop in bottle orders which has continued to increase since.“.
The CEO of Saverglass explains that faced with this situation “unpublished“, the company had to reduce its expenses.
“Saverglass reduced its production, postponed its investments, reviewed all of its current expenses in all areas, reduced its workforce by the end of fixed-term contracts, froze its recruitment and implemented partial activity agreements in all areas. its French sites.”
Jean-Marc Arrambourg
A 5% reduction in salaries over six months proposed by Saverglass
Despite this, to survive while orders are not taking off again, the company has formulated a new proposal to its employees: a temporary maximum reduction of 5% in base salary for six months. “That is the equivalent of six days at most over a period of six months.” Restitution of the loss subject to reaching sales objectives at the end of June 2025, and the assurance of maintaining jobs for at least six months, in return.
Its objective being to “safeguard jobs and facilities by establishing a bridge between the currently deteriorating situation and the resumption of orders expected, according to all industry experts, during the first half of 2025“, hopes Jean-Marc Arrambourg.
It now remains to be seen whether this proposal will satisfy the unions.
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