Saturday, November 26, 2016

Montepio: the Status of the restructuring company “has nothing to do with redundancies,” – Jornal de Negócios – Portugal

The Caixa Económica Montepio Geral (CEMG) guaranteed this Thursday, November 23, that the application of the statute of the company in restructuring “has nothing to do with redundancies,” aiming only to ensure that all workers who wish to terminate have access to the unemployment benefit.

“it has nothing to do with new redundancies, nor with redundancies no. It has to do with the restructuring plan of the company that was made up to June, only that there are a number of employees that could fall outside of the quota [that is assigned to each company for the termination friendly with the right to unemployment benefits] and so that no one is harmed, was made to this request for restructuring. It is thus that the companies that are responsible come and we did,” said official source of CEMG in statements to the Lusa news agency.

official Source of the Ministry of Economy has confirmed on Wednesday to Lusa that the ” Caixa Económica Montepio Geral has asked the Government to the status of the restructuring company, in which provides for a new reduction in staff in the coming months, with the request “to be reviewed”.

In general, a worker only has the right to the allowance, in the event of involuntary unemployment. However, the labour law allows companies to make agreements with workers with a view to a termination friendly while maintaining the right to unemployment benefits. Each company has, therefore, a quota (which depends on its size) for these cases, which can be exceptionally extended if the ask for, claiming the reason for the restructuring, viability, or recovery, having obtain the permission of the Government.

the Second pointed to the source of the institution, “Montepio resorted to a mechanism that is all the dealer used” and was limited to “follow the law”.

“As it was necessary to request the extension of the quota (in our case by a minimum number of workers) the way to do this was to inform the Ministry of the Economy that we were going to use the special status for our workers that rescindirem have access to unemployment insurance,” he explained.

Union talks about “pressure”

Confronted with the declarations of Carlos Real, the trade Union of Workers of Financial Activity (Sintaf), which considered that this request of the Montepio Geral is “essentially an instrument of pressure” in the framework of the ongoing negotiations of the agreement of the company, the spokesman assured that these negotiations “are made with full transparency, either side, either of the other”, and that “only someone who wants to harm the image of the Montepio can talk that way.”

“The workers of Montepio and the trade unions know perfectly well how many people are involved and that this had to be in order for the people to have access to unemployment benefits”, he said.

On the news that give an account that the request of the status of the restructuring company would have been presented in the absence of the sole shareholder of the bank, the Associação Mutualista Montepio Geral, the same source assures that “it is false”: “macao has its board [of directors], who met and took the decision. Nor can it be otherwise because the law does not allow, the last year came out a law that forced the separation of the two councils,” he said.

As for the criticism of the Sintaf by the use of CEMG money for Social Security to support part of the costs of termination – the union believes that “a company that has as its only shareholder in a mutual association, which is a company of social economy, must not, for respect to Social Security using funds that are all to resolve the problems of these” — the official source of the institution reiterated that the “Box the Economic not done anything that the law does not allow to do.”

“And the workers of Caixa Económica Montepio Geral have every right, because it cash like the other workers all take advantage of the benefits that its discounts provide them with a guarantee, because workers are equal to the other,” he added.

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