zaragozana Telnet Smart Networks, one of the main companies of the telecommunication sector until recently. Aragon With more than 200 employees, It went bankrupt after nearly 30 years of operation. Faced with a difficult economic situation and after three years of loss, the company voluntarily declare bankruptcy. He did this after finding a possible investor who could save some of his fiber optic manufacturing business.
about Barcelona fund manager Endurance Partners, specializes in refloating distressed businesses, sources familiar with the operation told this newspaper.
Commercial Court No. 2 Zaragosa According to the Official State Gazette (BOE) on May 5, the technology company founded by Manuel Villarig declared bankruptcy on April 27. The judicial warrant appointed Aecarya Bankruptcy and Specialized SLP as bankruptcy administrator, and that responsibility fell to attorney José María Carnicer Pina. HE debtor did not apply for liquidation of his property, as he is confident that an agreement will be reached with Endurance.
Declaration of bankruptcy, in full negotiation of employment regulation dossier (ere), Mass layoffs affecting 65 of the company’s 155 employees, production facilities and offices are located in the Centrovía industrial area in La Muela. The dialogue process between the committee and Telnet management had to be suspended after five meetings between both parties.
Frustrated sale to a Chinese company
After getting the court’s permission, this Tuesday The negotiation was resumed but this time with the participation of the bankruptcy administrator, Who will have the singing voice now?
Committee resources cited “surprised”» Due to the emergence of an investor whose name they say they do not know. “It is always positive that 90 jobs can be saved. The alternative would be worse,” they pointed out. However, they expressed their doubts about the conditions under which the squad that will continue, and also expressed their regret. severance pay should be collected to the public treasury – through the Pay Guarantee Fund (Fogasa)– and legal minimum (Worked with maximum 12 monthly payments for 20 days a year) because it is a bankrupt company.
Layoffs will occur three years after they occur six nexts, among a part of the team the last with a complete suspension of employment between November and the last March 31. Telnet later came to this state. the collapse of lines of business consisting of broadband equipment and telephone poles, with a deficit and ceased operations six months ago.
The company reached an agreement a year ago for its sale to the Chinese group. Chengdu Datang Communication Cable (CDDC), however, according to sources close to the company, the opposite operation was reversed due to the conditions imposed by the Government and the instability created by the war in Ukraine.