20-02-15 13:11 pm – Source: Reuters
FNV negotiator Niels Suijker gives a speech to a branch of Vroom and Dreesman. © anp
V & D has not reduced the salaries of its five thousand employees in February . The department store wants to wait and see what the judge decides Monday on the proposed salary reduction. According to a newsletter CEO Don Roach to staff
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If the judge determines that V & D may implement the measure , keep V & D in March retroactively in the salary reduction in February.
“I thought V & D is a decent company, but I’m there now to doubt strongly. This means that staff in one month will receive double pay cut. I can not conceive that V & D topple when the march as a starting point would
Q & amp; D says that a salary reduction of 5.8 percent is needed to secure the future of the chain. The unions are the measure disproportionately and filed a summary proceedings in which the court ruling Monday
. Averted Bankruptcy
The department store earlier this month reached an agreement with the landlords of its retail properties on the reduction of the rent. The banks were then prepared to keep open the credit tap and shareholder Sun Capital decided additional capital in V & D to stabbing. This bankruptcy was averted
According to V &. D is the mandatory salary sacrifice the last puzzle piece in the rescue plan. If the judge takes out a line through it, the agreements with the other parties would come to be frustrated and V & D again fall into the danger zone.
The department store has been around for twenty years at a loss. Last year was the loss of 42 million in 2013 to 49 million euros
(Edited by: Editorial).
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