Any news on the GasGas factory

[Fred1956]

Originally Posted by VxZeroKnots

It looks like something is happening:

http://www.ugtcatalunya.cat/girona/?p=198

The direction of Gas Gas Motos presented on March 27 three redundancy, suspension, termination and salary reduction. These measures were presented without the contribution of capital to the company viability plan contemplated.

In this scenario the council expressed its disagreement to not see the viability of such plan. The committee does not recognize the cause and sets the direction to withdraw the measures to be agreed with the refinaciaci? banks and the injection of capital from investors. The company accepts the request stating that the directive will exhaust the period of notice given preconcurs and save the activity has since January has difficulty making the payments of salaries. Given this scenario the company agreed to withdraw the measures presented initially introduced a temporary suspension of proceedings for a period of two months. In this case reached a preliminary agreement that was voted in assembly workers and was ratified with a percentage of 84%.

- See more at: http://www.ugtcatalunya.cat/girona/?....jDHnlgST.dpuf

The council of the Gas Gas Motos , with the support of the staff, will go to the Parliament of Catalonia to expose the precarious situation faced by workers. The committee said that the situation the company is experiencing is due to mismanagement because we have brand and product demand (90% is exported). We do not understand that management and shareholders afternoon both capital and provide for a solution having a large financial liquidity, to address the viability of the company, thus avoiding deterioration and devaluation of the firm. Interests unrelated to the company's survival dominate the future of 400 families that depend on and are now forced to a situation of uncertainty and insecurity. - See more at: http://www.ugtcatalunya.cat/girona/?....jDHnlgST.dpuf

When I see the term 'ratified' & 'situation faced by the workers' I read "labor issues". I'm not privy to the setup at the GG factory but it appears to me that-possibly- the reorganization efforts MAY be trying to trim the excess costs from the company as it has existed and therefore trimming salaries along the way. IF this is a union shop they will resist that effort. (I see that in the statement about 'going to Parliament with...')

Whatever it is I wish they would get on with it....again-these are my opinions based on what I'm reading

[mcnut]

Seems pretty clear to me. GasGas problems begin and end with poor management.

[gasgasman]

What business doesn't?

[2taddict]

When unions start blackmailing companies in Australia they just pack up and move to another country.

[twowheels]

Originally Posted by mcnut

Seems pretty clear to me. GasGas problems begin and end with poor management.

Maybe. But is it this management team or the one that came before? And does poor management include the union leadership?

It would seem - based on an amalgamation of information from different sources - that the new investors (and their management team) are happy to invest in the company but want put from under the burden of debt that was accumulated by the company during the 4T and quad and 4T trials development periods. The banks that hold those notes seemingly want the money that is owed them (no matter how fair or unfair that may seem), and the union and/or the workers are most concerned about keeping their jobs.

Three parties, three priorities, one interconnected outcome ...

[desertgasser300]

Originally Posted by Bobenduro

Bulls**t. The Israelis bought into a company with poor management and for some stupid reason, kept that same management. The debt has nothing to do with 4T and quad and 4T trials development. Its current debt based on a 2012 with an airbox that didn't work and other stupid management decisions that didn't work. The Israelis bought out the banks and the current debt is....current. Just because you have money now doesn't mean you're always smart. The Israelis did not understand the socialist mindset of management and employees and this will, in the end, cause them to lose a LOT of money.

Glad to hear you know so much. I seriously doubt an air box issue created millions in debt, but please enlighten us further?

Or are you just here to troll and run your mouth?

[Dirt Dud]

There new bikes are awsum that we agree on but as far as how the company is run it has some problems . I have been running a company for a number of years and bottom line is that the buck stops here . With management they hire fire and develop the business plan . As far as knowing how a euro company in Spain is run ? Well I am not seeing any response from a Spaniard with inside knowledge so there is just a lot of second guessing going on . I think someone said it rite when they said JUST RIDE! Because there is nothing we will really know until GasGas decides to tell us .

[gasgasman]

Ok. This topic has resurfaced again and again.

Let's give it a rest until GasGas has an official press release.

Please?