Francisco Joaquín del Olmo Velázquez, representative of Section 15 of the Confederation of Workers of Mexico, informed that the Federal Board of Conciliation and Arbitration began with the process of auctioning off the company’s assets Interjet, once the bankruptcy was notified; however, he sees risks that his liquidations may be affected, because he wants to sell the goods in a single package and not in batches.
Despite how hasty the process was, explained Del Olmo Velázquez, a bidder appeared to try to get hold of one of the lots of Interjet that are published. However, “the Federal Conciliation and Arbitration Board, in a very unfortunate determination, decided that the auction could not be carried out in lots, but that a legal position had to be made for the totality of the assets.”
The foregoing, he stated, “directly threatens the workers’ right to collect, since it is highly unlikely that there is a single bidder who wants all the company’s assets.”
For this reason, the union representative of Section 15 stated that the correct thing to do would be for the auction to be done by lots or goods, “just as the appraisal was rendered by the expert appointed by the Board, since only in this way is the process of collection of the workers and the profit that could be obtained from them is maximized.
In this sense, he maintained that they will present a review resource against acts of execution prior to the next auction hearing of assets that will be next May 31.
It should be remembered that on April 10, the Second Judge in Commercial Insolvency Matters, issued a bankruptcy judgment against Interjet.
For the Union there is no other way than liquidation, “it is sad but also predictable… ( ) There is no investment bank willing to rescue this company and the current partners do not have enough capital to reactivate it. The Commercial Bankruptcy Judge must have seen the same thing at the time of issuing a bankruptcy sentence.”
Likewise, they informed that it is not possible to pay 100% of the award that has Interjet with the workers, among other reasons because, “the company’s offer has been to exchange company shares for the award. In other words, it is intended to change collection rights in the foreground and all the progress that has been made up to now, where we are already in the auction phase, for shares or paper of the company that today has no value.
In other words, if this proposal is accepted, the workers would not only lose their rights to collect, but would also become debtors of other creditors, giving way to other people to collect their debts, which is not convenient for the interests of the workers. workers.
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