Administration Economic Daily admits insolvency with continuation of the newspaper – publico

                 

                         
                     

                 

 
 

The administration of Economic Daily admitted insolvency scenario the company in a newspaper continuity plan, promising until Thursday to inform workers of the consequences of this scenario and the Special Process Revitalization (PER).

in a statement to the Lusa had access, the installation committee of the works council explains that on Tuesday morning, met with Gonçalo Faria administrator de Carvalho, who said that “it was not possible to get a buyer response (…), put on the table an insolvency scenario considered in the newspaper continuity plan”.

in this scenario the committee proposed the administrator to present “by Thursday morning the PER scenarios and insolvency and the implications of each” to be presented for consideration by the workers. “The result of this query is then weighted by the administration, which will have the final word,” reads the statement

The administration also conveyed that maintains the intention of paying the salaries of December -. A part of the 140 workers received the full and another only part of the salary of December -. until February 29, when it will submit the plan payments of salaries January

Since the direction of the Daily Economic today called on the administration to find a solution to the project “in the shortest period of time”, explaining that he can not continue working with the current constraints.

“in the absence of developments that may solve these problems and the deterioration of the operating means, the wording is unable to continue to provide products with the quality that readers and viewers Economic are used, “reads the statement sent to administration the company Ongoing, which has the newspaper and the Economic TV channel (ETV), to which the Lusa had access.

on the day workers gather in plenary, the editorial board wrote to administration to ask to find in the shortest period of time, a solution to the editorial of the project Economic and the direction thereof, made by Raul Vaz, Bruno Faria Lopes, Francisco Ferreira da Silva and James Freire, that “maintain full readiness to continue to assist the Economic to find a solution.”

on that note, the management emphasizes that “the Economic , across different platforms – newspaper, website and television – has faced in recent months serious financial and operational constraints, “referring to the existence of wage arrears and output professionals, especially journalists to other media outlets.

the investment bank Haitong (former BESI) is mandated to sell the newspaper.