SEAT Restarts Readmission of Those Affected by 2005 Adjustment Plan

AFTER MEETING WITH MAIN TRADE UNIONS UGT AND CC.OO.

Martorell, 18-02-2008 -- SEAT management has reached an agreement with the main trade unions UGT and CC.OO. regarding readmission of part of the workforce affected by the December 2005 labour force adjustment plan (Spanish ERE), for those who have expressed interest in returning to the company before the deadline for such expression elapsed.

Agreement was reached today during a meeting between SEAT Chairman Erich Schmitt and the secretaries general of the main trade unions UGT and CC.OO Matías Carnero and Manolo Gálvez respectively, who had informed the Chairman of the interest of the persons mentioned in returning to the company.

This decision is fully in line with the policy of on-going open dialogue between management and SEAT’s main trade unions, and underscores the good labour relations existing between both entities.

The company will contact the aforementioned persons shortly with a view to readmission.

Source: SEAT

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