A bankrupt Alicante cooperative and its subsidiary owe its 175 workers € 4,000,000
Based on studies forwarded to Alicante Business Courtroom No. 2 by the chapter administrator of the Altea Agricultural Cooperative, which started its insolvency proceedings on February 13, 2020 and was declared bankrupt on February 11, 2021 , the cooperative and its Villaranja subsidiary has a debt of 28 million euros, together with 4 million euros to its 175 workers.
Based on the ready-to-use lists, the cooperative has money owed with 134 employees for an quantity of two,691,647 euros, whereas Villaranja, the subsidiary which operated in Andalusia, owes 41 employees 1,310,000 euros.
It must be famous that the entity ceased its exercise on February 13, 2020 and that it laid off most of its employees just a few days later. It had over 1,000 cooperative members.
The cooperative owes lots of wages, however most of its debt is made up of compensation for redundancies attributable to the cessation of exercise. Of the 1.3 million euros that Villaranja owes, 1,288,787 euros are due in severance pay. The corporate reached an settlement in a single case. The others are awaiting the choice of the social courts and the quantities have but to be agreed.
The scenario of the cooperative could be very related. Nevertheless, the courts of Benidorm have already handed down a dozen sentences estimating how a lot the cooperative should pay for the unfair dismissals of its employee. The cooperative owes the employees 2,691,647 euros. 60,000 euros together with quantities overdue over the last 30 days earlier than the declaration of chapter; 55,500 are after the competition; 552,000 are thought-about as conditional debt and two million as preferential debt for employees.
The cooperative owes its collectors 18.8 million and Villaranja 9.8 million. In default curiosity, Villaranja owes almost 300,000 euros to numerous entities and suppliers and 500,000 euros in fines from the tax administration and social safety. As well as, she owes the cooperative two million euros.