Employees of Canarias Distribuciones Exclusivas Cadiex Adhere to Parent Company Collective Agreement

Background

In a significant move, employees of Canarias Distribuciones Exclusivas Cadiex have officially adhered to the collective agreement of their parent company, Galarza Atlántica Galaco, S.A.

Details of the Agreement

• This decision follows thorough negotiations and worker consultations.
• The employees affirm their willingness to align with the same labor standards and benefits as employees of the parent firm.
• The agreement, approved by the Canary Islands' labor authorities, is set to take effect from August 1, 2024.

Implications

• Simplifies employment conditions across the group, ensuring consistency.
• Potentially improves working conditions for staff in Canary Islands.
• Streamlines legal and administrative processes for the company.
• Consolidates labor commitments under one agreed-upon framework.

Company and Workforce Impact

"The formalization of this union signifies our commitment to employee representation and regional labor law compliance." — Company Statement

• Boosts trust within the workforce through negotiations and transparency.
• Ensures clearer work rights and benefits for residents and expats.
• Contributes to a more stable employment environment in the Canary Islands.