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Mylar Specialty Films Luxembourg confirms that on 5 February 2025, an agreement was successfully reached between social partners on a social plan for approximately 95 affected employees.
The management welcomes the agreement, and acknowledges the constructive, transparent and mutually respective dialogue demonstrated by all parties during this difficult time. The company will continue to support impacted employees in the framework of the social plan, and is committed to maintaining safe operations with the goal of ensuring a seamless shutdown process over the coming months.