The union representatives of the employees manifested themselves before a negotiation scheduled for 12 with the directors of the company; trade unionists defend the maintenance of jobs and the accountability of major shareholders
RIO – Shouting “shame, shame, Americans without shame”, employees and union members protested this morning of Friday the 3rd, in front of a company store, in Cinelândia, in the center of Rio de Janeiro. One of the banners, with photos of the “key shareholders” Jorge Paolo LemannMarcel Telles e Carlos Alberto “Beto” Sicupira smiling, he asked: “Billionaires, what are you laughing at!?”
The act preceded a meeting between union leaders and representatives of the Americanas board of directors, scheduled for 12:00 also at the Center. The demonstrators demand clarification on the situation of the company and the judicial recovery that the company is setting up, after the disclosure of an accounting violation of R$ 20 billion and the communication of a total recognized debt of R$ 47.9 billion.
“There are more than 44,000 direct jobs and, combined with indirect ones, more than 100,000 jobs. If the fraud is proven, we want the punishment of the controllers and major shareholders and the protection of the employees,” said Ayer.
The unionist added that there is already a public civil action (ACP) filed in Federal Court seeking a freeze on the company’s assets for the payment and protection of Americanas employees.
“We will fight to keep all jobs. There is a climate of uncertainty and insecurity about the future, as the company has already started terminating contracts with outsourced workers. This clearly hurts a job chain very broad,” he said. she said.
He participates in the meeting with Americanas representatives, accompanied by a company employee who is a union leader and by the leaders of four union centers: UGT, CUT, CTB and Força Sindical.
Historical
Americanas puts together a judicial recovery proposal (RJ) that allows it to pay debts of R$ 43 billion declared to the Justice. The process is able to avoid bankruptcy, provided it is agreed with the creditors. By law, the recovery mechanism provides for an order of priority for payments, with employees ahead of creditors.
However, many creditor companies, suppliers and, above all, banks take legal action to block company values or relevant shareholders and guarantee advance payments. Some actions target the fate of Lemann, Sicupira and Tellesm, which are the company’s major shareholders. Multi-billionaires, they reduced their stake in the company years before the scandal.
The justice’s endorsement of the judicial recovery arrived on January 19, after the request of the retailer, taken for granted by analysts and market agents. The crisis began just over a week earlier, on January 11, when the company’s then president, Sergio Rial, resigned and revealed that the retailer had been hiding debts of R$20 billion for years in budget. Officially, Rial had only been in office for nine days.
The accounting scandal melted the market value of the company and ushered in a legal war between the retailer and its major creditors, such as BTG bank, one of the most active. This list of creditors also includes the largest banks in the country, such as Itaú, Bradesco, Santander, Banco do Brasil, Caixa and Safra.
These financial institutions have granted the loans necessary to make the company work according to the practice of “trait risk“, when the company or its suppliers use the banks to advance payments and continue the operation. When the facts became public, the creditors began to activate loan advance clauses, opposed by the request to shelter the company’s assets and resources. , in an alternation of decisions that set the tone for the dispute.
Source: Terra
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