“This is a very difficult decision, taken in the face of an exceptional situation, which will affect 5.5 percent of our employees in different areas of the organisation, but it is essential to ensure the company’s economic and financial sustainability,” said the group. The company guarantees to pay compensation “above the legal framework”, as well as to extend some benefits, including health insurance.

In addition, Sumol and Compal will not pay management premiums for 2019 and will proceed by reducing their Board of Directors, but further details on this measure are not yet known.

“In view of this scenario, the prolongation of restrictive measures that negatively affect our business and the level of economic activity expected for the future, Sumol and Compal are obliged to proceed with a process of readjusting its structure”.