It has been claimed that Michelin workers have been offered packages based on four-and-a-half-weeks’ earnings for every year worked.
According to news website ‘Belfast Live’ the deal will also include ‘add ons’.
A Michelin spokesperson confirmed: “We are in the process of completing a 90-day consultation with our employees. At this stage we are presenting the conclusions of that consultation, but until all the details are finalised and agreed we cannot say anything further.
“Our focus continues to be on the wellbeing of our staff and exploring all options to help them to find employment when the time comes.”
The Michelin plant is due to close in 2018 with the loss of 860 jobs.