Employees at Waterford Stanley said they will not seek a one-off relocation payment from the company should management guarantee the security of 120 jobs by withdrawing protective notice with immediate effect.
Management served notice on the workers on Friday after Labour Relations Commission (LRC) talks between management and manufacturing employees collapsed.
Management and workers reached a deadlock in talks on April 10th, the deadline for the beginning of a relocation of the company from its 13-acre Bilberry site to the former HP Chemie plant in Waterford Industrial Park.
Workers sought a payment of €2,300 as part of the €7 million relocation investment. Management maintained this would cost up to €500,000 and that the company would not be in a position to meet the requirement. Management offered workers €330 and a productivity-based, gain-sharing agreement.
However, a spokesman from the TEEU contacted The Irish Times yesterday and said they would drop the relocation claims on the basis that management negotiate the "issues involved and withdraw the protective notice".
The spokesman continued: "If the protective notice was served on the basis of the relocation fee, we will drop the claim." The spokesman, in addition, wished to discuss productivity-based, gain-sharing and shift allowance issues.
Parent company AGA Rayburn UK previously said stoves of equivalent quality could be manufactured overseas and brought to Ireland 35 per cent cheaper than those made in Waterford.
Reconciliation talks continue today.
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