SunsundeguiThe Alsasua company dedicated to the assembly of buses and rewarded with several millions by the Government of Navarre, has informed its works council who will present a temporary work regulation file (ERTE) for almost all of its 400 workers. The forced strike will last no less than three months. The main objective of the said ERTE is Avoiding the economic abyssclose to 50 million euros, the company continues to grow.
It just so happens that this week we learned that the company was in pre-bankruptcy situation of creditors.
As we recall, last April, the Government of Navarre approved a draft foral law that authorized the Navarre Development Company (SODENA) to grant a loan of 6 million euros.
As they said, it is a form of negotiate your debt with creditors and investors to be able to reach “an agreement that allows them to achieve their growth objectives.” The said negotiation, according to its press release, aims to reach this agreement before the end of 2024 and thus avoid entering into a bankruptcy situation.
The Alsasuarra company has been struggling for three years, during the pandemic, but the situation became critical this year, when the The government of Navarre had to come to his aid due to lack of liquidity.
The latest setback that the ‘bus“It was at the beginning of July, just before San Fermin, that we learned that the Swedish multinational Volvo Bus decided to give cancels the agreement with Sunsundegui to manufacture two of its latest generation models in Alsasua.
The Navarre government spoke this week of a situation “extremely delicate” in the Alsasuarra company due to “additional costs not reflected in prices and the lack of adaptation of staff to production.” oversized model“, said.
Irujo spoke about the elevation the company’s debt, with “a financial and operational debt of 48.8 million, including 8.9 million with suppliers and 39.9 million in financial debts.”
