Coca-Cola Hellenic Bottling Corp has reached a deal with trade unions over staff redundancy terms in Ireland.

After several months of wrangling and following strike action by workers, Coca-Cola Hellenic confirmed to just-drinks today (30 October) that it has reached a deal with the Siptu trade union.

Coca-Cola Hellenic will press ahead with its plan to cut up to 130 jobs in its Ireland distribution and warehouse facilities. It employs 1,150 people across the Republic of Ireland and Northern Ireland.

But, the soft drinks bottler has agreed to improve its redundancy terms, which it said have this week been accepted by a majority of the Siptu's members.

"Following a long series of discussions, I can now confirm that this has been achieved and despite some difficulties, together we were able to bring about a mutually acceptable resolution," said Coca-Cola HBC Ireland general manager Gokhan Bilgic.

The agreed redundancy package comprises of the company's latest offer of seven weeks per year of service with a cap of EUR150,000 (US$221,000), plus an additional lump sum payment, ranging from EUR5,000 to EUR20,000 per individual, based on length of service.

A previous package offered six weeks per year of service, with a cap of EUR125,000.

The cuts are part of Greece-based Coca-Cola Hellenic's plan to cut costs across the markets it operates in. Coca-Cola Hellenic reported a 4% drop in net profits in the first half of 2009.