December 3, 2020

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CEO Mega World has a recovery plan “with no layoffs or deals …

CEO Mega World has a recovery plan "with no layoffs or deals ...

Mega World has a recovery plan that does not affect employees. That’s what CEO Rudy Claes says. On Monday, the court will decide whether or not to provide protection against creditors. ACV trade union reacts cautiously and positively.

Mega World is Blokker’s successor in Belgium. The controversial Dutch businessman Dirk Bron took over the chain with 670 employees and converted it into a discount store. However, the company ran into financial difficulties during the corona crisis. The ACV Puls union filed a complaint against Bron, who is on trial in his home country for fraud.

Claes is confident that the company will be protected by the court. He presents a recovery plan with an emphasis on cost control. Store closings or layoffs are not included in the plan. “We need all 119 branches,” says Claes. However, retail property prices, product range, and rental rates are examined. The staff will not have to make any effort, they say.

CONTINUE READING. 7 bankruptcies in 11 years and convicted of fraud: “Blokkers Retter” had to go wrong

The unions asked questions about money transfers to Monaco earlier this week. But there’s nothing wrong with that, says Claes. “Payments to a supplier in Monaco are perfectly legal in a normal business relationship. Actual deliveries, order forms and invoices are offset against payments. The competent authorities can come and check this. “

In the meantime, Mega World itself is litigating the chain’s previous owner. “There were no reports on sales,” says Claes.

Claes also gave this whole statement to the unions on Friday. The most important thing for them was that there was more or less clarity about wages, says trade unionist Marc Jacobs from the Christian union ACV. “The social secretariat has already received orders to pay them.” The unions had asked employees earlier this month not to transfer cash in the shops to the employer for the time being, but they have now ended this action.

Incidentally, Jacobs gives the CEO the benefit of the doubt. “We can hardly object that he wants to keep the business and the staff,” he said. “It’s not entirely clear how he’s going to do it. There is no real business plan. We’ll see. “The shops are now open and no union actions are planned.