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Guimaraes consortium wants to buy bankrupt Coelima and retain 250 workers

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Guimaraes consortium wants to buy bankrupt Coelima and retain 250 workers

The Guimarães-based consortium wants to buy the Coelima textile company, which employs more than 250 people and which filed for bankruptcy in April, according to a proposal filed in court that Luza had access to today.

Among other things, the proposal, which was submitted to the Commercial Court of Guimaraes, contains as a condition the preservation of jobs, as well as the recognition of the rights and seniority of employees.

“As a serious demonstration of this consortium’s interest in the feasibility of this proposal, this consortium also presents the possibility of an immediate advance in the amount that, according to the previous interim administration of the insolvent company, would be necessary to keep the insolvent company in operation in the month of June, the cost of which adds 200 thousand euros. “, – the proposal says.

However, the text notes that “the retention of jobs in leadership positions depends on a preliminary assessment of their competence to perform the above functions and the need to preserve them.”

The consortium that intends to acquire Coelima, a Guimaraes textile that celebrates its 100th anniversary next year, consists of R.TL., SA and José Fontão & Cia, Lda.

In the proposal, investor supporters demand “the final transfer of the insolvent institution (…) with all its assets”, which includes goods, brands, equipment and client portfolio.

The consortium commits to repay the loans to the tax authority, social security and bank loans in monthly installments.

The precondition for this group of companies is that Coelima continues to operate, maintaining the client portfolio as well as the team that makes up the current sales department.

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It is also required that the outgoing administration submit a set of documents “necessary for the development of a business plan”, which must be developed within 30 days after admission.

“This proposal has the sole purpose of supporting the life of the company and the Coelima brand, a century old, historic company with more than 250 families living through its employees,” concludes the proposal.

The fall of the giant

Coelima – Textile industry filed for insolvency on April 14after a “more than 60%” drop in sales caused by the pandemic and the rejection of the bids he sent to hotlines due to covid-19.

“The company decided to file for bankruptcy as a result of the situation created by the pandemic, which caused a sharp decline in sales and pressure on an unstable treasury,” a textile official in Lusa said at the time. …

The insolvency announcement was posted on April 22nd, with the company submitting liabilities of around € 30 million and around 250 creditors at the end of 2020.

On Wednesday, the administration of the textile company Coelima announced that he would not submit an insolvency plan with the aim of rebuilding the company, since “the conditions for maintaining the business are not met.”

“Over the past several weeks, Coelima has been actively working to obtain the support needed to rebuild it and to make it possible to implement the bankruptcy plan. Despite all the efforts and work done, Coelima was unable to secure the support of various parties regarding the presentation of the plan, so the decision about the future of the company will depend on its creditors, ”said a Lusa official.

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In an insolvency petition, a textile company with 253 workers asked the court to appoint management of the insolvent property, whereupon “it committed itself to submitting a bankruptcy plan that would ensure the continuation of the company. “.

Founded in 1922 and one of the largest manufacturers of bedding, Guimarães Textile is part of the MoreTextile group, which was formed in 2011 through a merger with JMA and António Almeida & Filhos, and the main shareholder of which is the Recovery Fund, managed by ECS Capital.

The Minho and Trás-os-Montes Textile Union convenes a plenary meeting

Meanwhile, the Textile Union of Minho and Trás-os-Montes has scheduled a plenary meeting of workers at the Coelima textile factory on Monday to announce a new proposal that “gives a breath of hope,” coordinator Luce said today.

“This is hope. Other proposals or other companies will face bankruptcy. But we don’t want the company to go bankrupt, we want continuity. This group already guarantees June salaries and wants to keep workers, namely salesmen. At the moment, there is already a dispute over the client portfolio of Coelima, a company that has a product, a brand, an authority, which has everything to become a great company, ”said the coordinator of the Textile Union Minyu and Tras-os. From Montes to Luz., Francisco Vieira.

The plenary meeting was scheduled for Monday 13:30, in the presence of CGTP-IN Secretary General Isabelle Camarinha.

Francisco Vieira, who refuses to view Coelima’s future scenario as “the fate of death,” added Luce that he hopes to arrange a meeting with the Guimaraes city council on the same day, who, according to the union leader, “Demonstrated a great deal of commitment to the process by maintaining direct contact with the Ministry economy “.

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“We have to find a solution. The workers don’t want to stop, ”the coordinator said, noting that this might be the“ third life ”of Coelima, which survived the 1991 crisis when it had 2,240 workers and another in 2001 when it had 600 employees.

Francisco Vieira said that “the vast majority of workers receive the minimum wage, and there are people with 40 years of work experience.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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