Nestle Waters France has unveiled plans aimed at cutting its workforce by a quarter, according to local press reports. La Tribune reported late last week that the division has presented its works council with a plan to offer early retirement to employees aged 55 and over.

The white-collar CFE-CGC is the only union to have signed up to the deal, the newspaper reported, while the CGT union said that it has yet to reach an agreement with management on the rate of job replacements in the proposals.

The paper also said that the unions have two weeks to add their signatures to the plan. It is expected that around 1,000 jobs will be shed by the company.