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Clariane: agreement reached with works council

( - Yesterday, Clariane formalized its points of convergence with its works council, at a time when the retirement home operator is going through a difficult period.

At a meeting with the personnel body on Thursday, the Ehpad operator presented its action plan, which aims to strengthen its financial structure via a capital increase and debt reduction.

Against this backdrop, the group's general management reaffirmed its commitment to the European Company Works Council (ECCW) to preserve jobs and the quality of care.

For its part, the ECCW expressed its intention to cooperate with the group to support its employees 'in the best interests of all stakeholders in the face of the crisis affecting the sector'.

It is also planned that the EESC will have the opportunity to verify the conditions of proposed business disposals, and to express its opinions so that they can be taken into account.

In any event, the EESC and Clariane's general management have jointly reaffirmed that they will not accept any compromise on the quality of care and services provided to residents and patients, and on employees' working conditions.

Faced with a market environment deemed 'deteriorated', Clariane recently unveiled a ?1.5 billion refinancing plan, consisting of a ?300 million capital increase, the securing of a ?200 million credit line and the sale of ?1 billion in assets.

On the stock market, the dependency care specialist's shares have lost 76% of their value this year.

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