TSF Workers’ Committee finds Global Media’s lack of interest in investment proposals incomprehensible

The TSF Workers’ Committee (CT) finds it “incomprehensible” that Global Media has not been receptive to businessmen’s interest in “helping resolve the situation” of the group.

In a “newsletter” published this Thursday, which Radio CT Global Media Group (GMG) said it had decided to write “inspired by the Group’s Executive Committee”, CT states that it “cannot understand the lack of dialogue to try to achieve a minimum of social peace “in the company, as well as “the fact that the company’s CEO [José Paulo Fafe] made promises to resolve the situation to this day [esta quinta-feira]there is no hope of solving the problems.”

“The workers saw their salaries with some relief [de dezembro] will be paid at the end of last week, but the prospects are not encouraging yet, there are amounts that remain outstanding [subsídio de Natal] and there are no additional explanations,” he says.

For CT, “it is also incomprehensible that with several businessmen interested in helping resolve the situation with immediate promises of investment, the Executive Committee shows no sign of openness and leaves the workers agonizing in growing uncertainty about the future of their lives.”

“The TSF Working Committee calls on the Executive Committee to think about the hundreds of families affected by this situation, as well as to think about the future of Portuguese democracy and find a solution for the group with investors,” the “newsletter” said.

“If they don’t do this,” he adds, “we can only conclude that they are not interested in preserving these historical titles that are so important to the country.”

And in this case, he asks, the question remains “what, in the end, is the goal” of the GMG administration.

According to the Workers’ Committee, despite being “consistently sent ’emails'” about when workers’ debts would be repaid, the Executive Committee gave “no response” and never provided access to the company’s “real accounts” . The company made the request “several times, in writing and orally.”

“The STS workers’ committee filed a complaint with the AST. [Autoridade para as Condições do Trabalho] and was told on the day of the company visit that the information was “being collected to be sent as soon as possible,” he says, noting that “more than a month has passed” since then.

In the TSF CT “newsletter” it also said it did not know whether the fund that bought Global Media – World Opportunity Fund (WOF) – had stopped transferring money to the group: “The only explanation that existed was given by the CEO in Parliament, talking about ” “transfer promise” that will be scheduled for this week,” he recalls, adding that “there has been no further explanation until now.”

As he recalls, at a meeting with the Central Committee on December 12, the executive committee hinted at the “reputational damage to the fund,” which was “already high”: “The financial market is very attentive. If the fund comes to say tomorrow that she is leaving, it will not be surprising, it would be a natural reaction.” , he says, then heard from the administration.

Regarding the pending collective redundancy, CT states that it does not know whether it will actually happen, but emphasizes that “if it does happen, the Workers’ Committee must be notified,” which has not yet happened.

Regarding the consensual redundancy process at GMG, whose deadline for employees to express interest passed on the 10th, CT states that it has not been “formally informed,” saying that it is unofficially aware of only one case at TSF.

In an internal statement on December 6, the Global Media group’s executive committee announced that it would urgently negotiate redundancies with 150 to 200 workers and embark on a restructuring it said was necessary to avoid the company’s “more than foreseeable bankruptcy.” group”.