Gas Gas - Corporate News

[RockefellerGG]

Hopefully this isn't a duplicate, but this was posted on: https://www.facebook.com/pages/Gas-G...37546529611742


Gas Gas and Ossa workers want to communicate the following to friends, clients, importers, suppliers, fans and, ultimately, everyone in the world of off-road industry:

1) Gas Gas and Ossa are viable and profitable. There is a great demand of motorcycles of both brands, and with the appropriate feasibility plan, to ensure that they can serve all bikes that importers ask for, the company will get profits.
2) After a long negotiation process, the bank has agreed to make a substantial debt relief to ease the viability of the company. To implement this off and resume production, it is necessary that shareholders make a capital contribution.
3) Shareholders, to date, have been unable to reach an agreement to make this capital injection. It seems some of them are using the fact of having the factory stopped as a pressure in their negotiations.
4) The company is in a position of ?pre-bankruptcy?.
5) The current management has indicated its intention to make a Layoff, fire a large part of workers and lower the salary to the rest.
For all this, workers of Gas Gas and Ossa want:
1) That the shareholders get to an agreement to finance the company, start again the production and leave the ?pre-bankruptcy?.
2) That the conditions of workers don?t get worse.
In summary:
WE WANT TO WORK, WE BET FOR THE CONTINUITY AND THE FUTURE OF OUR BRANDS, INNOVATIVE, TECHNOLOGICAL AND WITH AN ADDED VALUE.