employees Celsa they mobilize against the danger plaguing the future of industrial facilities. Veto of creditor funds to public bailout €550 million between SEPI They put the centers on alert and this Friday they demonstrated outside the headquarters of Deutsche Bank, one of the debt’s main holders, in Barcelona, Bilbao, Santander and A Coruña. Generalitat, Foment del Treball and CCOO and UGT have expressed their support for Celsa’s management these days. 30,000 jobsdirectly and indirectly depends on the viability of the facilities, which were stopped this Friday by the decision of the company to facilitate the participation of workers in the demonstrations.
Negotiations between the Rubiralta family-owned steel company and its creditors broke down in the early hours of Thursday, according to union sources. German bank Y Goldman Sachs and opportunistic funds Senior Vice President Y transoceanic They own 2.4 billion euros of the steel company’s debt. And management was offered a bonus of €400 million, which would be added to the SEPI capital flow if they agreed to cut half of the loans they controlled.
The public bailout and injection of 550m euros by the Ministry of Industry’s SEPI is conditional on accepting the terms of these funds. Of this amount, € 280.5 million will be entered through the issuance of a participant loan and € 269.5 million through another ordinary loan. Deadline for access to the public rescue package 30 June and before that, it must be approved by the Council of Ministers (deadline 28 June) and the European Commission.
Unions see a major injection in the recovery for the viability of industrial factories, and the deadline for accessing it is getting closer and closer. As a result, they staged demonstrations this Friday to put pressure on creditor funds, which they describe as “vulture”. “The company has ceased operations at the affected facilities, at the request of the works council, so that 10 of the partners can attend and demonstrate today, Friday,” CCOO sources said.