MANACOR: Deputy leader Pere Sampol, the minister of finance and commerce, said yesterday that he hoped the deal to purchase the troubled pearl factory Majórica would be finalised next month. He was speaking before Parliament and said that the Balearic government would not give the guarantee of 4.21 million euros to the current owners unless they increased their share capital by 12.02 million euros. However, he said the government would maintain aid if the new owners accepted the job cuts scheme which had already been approved with the unions. The job cuts will cost 5.11 million euros, according to Sampol who said that the Balearic ministry of labour would provide 1.2 million pesetas for the early retirments. Sampol claimed that there were three groups from outside the island interested in purchasing Majorica.
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