Staff Reporter
THE headquarters of the Workers Commission (CCOO) spoke favourably yesterday of proposals made by the Balearic government, which include an investment of 1.5 million euros, to help the embattled artificial pearl company “Majorica” continue trading.

On Friday of last week, the government announced that it will accept the sale of the urban-based land that the Majórica factory is situated on, in exchange for the proprietors reinvesting capital gains into paying off existing debt (30 million euros). Any further retained earnings, stipulated the government, should be used to invest in a new factory on industrially-licensed ground.

The Balearic minister for Industry had stated that the government wanted the company's operations kept in Manacor and said that he is proposing to the owners that they transfer to Majorca their management, and research and development departments, currently in Barcelona.

The Union highlighted the importance of this move in terms of finding a solution to the firm's difficulties. The proposal provides hope in the sense that it is supported by company and workers alike.

CCOO described the government's draft measures for keeping “Majórica” afloat, as “reasonable” because they were in line with what the Workers Commission itself had argued during the negotiations for maintaining the workforce.

CCOO headquarters declared their approval of the commitments demanded of the company's directorate to guarantee the firm's continued activity in Manacor. It also acknowledged the efforts made by the Balearic government in “contributing towards salvaging the maximum number of jobs”.

The Workers Commission were also pleased that the government were to address the needs of workers who may ultimately be adversely affected by the settlement of the dispute.


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