The Ganomagoga Group is seeking bankruptcy for its four companies

Concentration of workers today in front of Vigo city council to request support from the municipal corporation

Concentration of workers today in front of Vigo city council to request support from the municipal corporation Author: M. Moralejo

A strike by barristers could delay the process, affecting 200 workers. The company has accumulated a debt of 7.7 million euros

Group ganomog Finally, he filed for bankruptcy for his four companies: Ganomagog, Aplimega, Cedval and Metallurgical Services workshops. This was almost confirmed by the company’s management 200 workers metallurgical conglomerate. The staff points to the speed of decision-making, since in just three weeks the group, which in recent years had mainly devoted itself to the construction of wind towers, collapsed. The lawyers’ strike, however, could slow down the analysis and introduction of the procedure, as well as the adoption of the bankruptcy decision.

In return, the management sat down to negotiate the workers’ ERE. Yesterday, Thursday, he did it with the main company of the group, Talleres Ganomagoga, located in the bridge. From Workers’ commissions They believe that the meeting was held in bad faith by the management because they did not submit the accounts corresponding to the business year 2022 or the beginning of 2023.The mentioned deficiencies were transferred to the negotiation table and the competent labor authority was informed about them“, they point out. CIG, for its part, believes that the documentation submitted by the company to justify the deviation of the Ganomagoga group was not sufficient. Several figures that have come out to the public say that compared to the 400,000 euros of profit that the company made in 2021, last year the balance sheet was negative.

Therefore, for negotiations on the file of employment regulations, the unions use the results from 2021. Analysis of these accounts shows that the negative sign of working capital this year could cause problems in the short-term fulfillment of debt payments. The gross operating surplus was positive, which means that in 2021 they were able to cover production costs (mainly labor) with the generated wealth. Ganomagoga started in 2022 with 7.7 million euros of accumulated short-term and long-term debt.

This morning the staff of the Industrial Group acted as ua gathering in front of the town hall in Vigo. They previously held a protest in Ponteareas. They want the Management to look for solutions and insist that the turnaround of the company, which until not so long ago had a large business and was specialized in the sector of renewable energy sources, is not understood.

Source: La Vozde Galicia

Jason

Jason

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people's lives. I also write about current trends in economics, business strategies and investments.

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