ACS has begun negotiations with the unions to launch an Employment Regulation File (ERE) to 260 people from two of its industrial subsidiaries, coinciding with the operation of sale of part of its industrial business to the French Vinci for 5.2 billion euros.
According to union sources, the dismissals amounted to 207 people in the case of Intecsa Industrial Engineering already 53 in that of Initec Energy, which represent around 55% and 75%, respectively, of its total workforces.
Although the layoffs only affect these two companies at the moment, the unions foresee a wave of announcements of files in other industrial subsidiaries of the group that seek to “empty the company of personnel before selling it.”
Unions foresee a wave of dossier announcements at other industrial subsidiaries seeking to “drain the company of staff before selling it.”
In addition to Cobra, which accounts for 18% of the total sales of the group chaired by Florentino Pérez, this industrial business also includes Dragados Offshore, cymi, maessa, Maetel, Imasapi, Etra O Semi, among other.
Some of these companies presented different Temporary Employment Regulation Files (ERTE) for economic, technical, organizational and productive reasons in the framework of the health crisis, although not force majeure, which the Government made more flexible to try to maintain employment, since that engineering companies in principle could not be welcomed.
Negotiations for the ERE have already started and will have to conclude before next December 31 with agreement. Otherwise, the parties would have to go to the Superior Court of Justice of Madrid. The conditions are based on the legal minimum of 20 days per year workO.
Condemnation for the term of your payments
Recently, the Provincial Court of Madrid ordered Cobra Instalaciones y Servicios to eliminate from its contracts or orders for the supply of concrete the conditions relating to the payment term to suppliers, which previously exceeded the maximum legal term of 60 calendar days.
The ruling responds to an appeal made by ACS to the Spanish National Association of Prepared Concrete Manufacturers (Anefhop), which had been urging the company for eight years to withdraw from its contracts the payment conditions that violated the legislation to combat late payments.
An analysis by Sabadell concludes that the impact of this ruling is “limited” since Cobra’s sales in Spain only account for 6% of total billing and recalls that the average payment period for Ibex companies is 169 days. in line with the 90-180 days that Cobra registered.