United We Can agree with the PSOE that workers can rescue companies in bankruptcy



United We Can and PSOE have reached this Wednesday a transactional agreement around two amendments presented by United We Can and whose purpose is to facilitate the survival of business projects that remain viable, despite going through a phase of insolvencythrough the rescue by the workers themselves, constituted in a labor company or cooperative.

One of the amendments negotiated for the Bankruptcy Law, which will be voted on Thursday in plenary session,
emphasizes that workers interested in the succession of the company may carry out a proposal for the acquisition of a company in bankruptcy through the constitution of a cooperative, labor or participated company, and that this proposal will be prioritized when “the offer is equal to or greater than that of the other alternative proposals presented, provided that this meets the interest of the contest, considering in it the continuity of the company, the productive unit and the jobs among other criteria. This means that, in the event that there are several binding proposals for acquisition, priority is given to workers on equal terms over third parties.

In addition, the other compromised amendment eliminates one of the main obstacles that existed for said rescue, by allow something that until now was not possible: that workers with the desire to be co-responsible for the future of the company can capitalize the time they accumulated in unemployment contributions. This puts an end to something that had been happening: that the workers could not rescue their company, due to lack of capital, having to wait for it to be liquidated to capitalize on unemployment.

A cosmetic measure, according to experts

“The agreed amendments do nothing but meet the mandate of article 129.2 of the Constitution, which entrusts the public powers to effectively promote the various forms of participation in the company and cooperative societiesas well as the access of working people to property”, assured Roberto Uriarte, rapporteur for United We Can in the Bankruptcy Law.

But the experts that Vozpópuli has consulted believe that it is a cosmetic measure that could already be done although it had no legal development and that now may perhaps hinder more than help the contest because you can give preference to this option over other better ones

Source: Vozpópuli by www.vozpopuli.com.

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