Uruguay's main fish processing company under administrative protection

Tuesday, August 5th 2014 - 06:11 UTC

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Uruguay's largest fishing and processing company FRIPUR, has requested administrative protection, or a voluntary concordat with creditors following financial problems with banks and other providers. Liabilities are over 70 million dollars of which 50 million with two banks, according to sources close to the request. The company employs 1.100 people. Read full article

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ChrisR
When are these cretins in the government going to learn not to thieve, not to give preferential treatment to ‘mates’ and FFS reduce the tax burden on companies?

They could also ban strikes without government approval and have employment law that JAILS the union hierarchy who break it. Ha, ha, ha.

“The head of the Sea workers union, Carlos Fagundez admitted that they were aware the situation of FRIPUR was complicated, 'it was not a surprise'.” In other words ‘we fucked the industry with our four month strike to get what we deserve but now the bosses have to pay us to leave’. I bet he also thinks they can get paid out from losses.

Almost U$D 64,000 PER WORKER in losses. Looks like another 1,100 ‘workers’ will be joining Pepe’s Army of dead heads aka ‘government employees’.

If only they had a Blessed Margaret with a Colorado Party having a similar majority she had the union cunt would soon experience what he deserves.
Aug 05th, 2014 - 09:53 pm - Link - Report abuse 0
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Klingon
allegedly has been suffering financial problems since last year, and received a decisive blow when Nigeria cut imports of croaker,

I guess they believed the check was in the mail from Nigeria.

I am still waiting for my 80 million in unclaimed gold that my estranged great uncle in Nigeria promised me in an email.
When you depend on Nigeria as the backbone of your business you need your head checked!
Aug 06th, 2014 - 09:32 pm - Link - Report abuse 0
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