How can it be legal for a dying company to be invited to increase its redundancy package to such a level that its employees can thereby afford to invest in a new ownership structure for the company? To do that means that the Sea France shareholders have to take a loss on the value of their assets. Presumably since SNCF is a national company the government will cover that - but that is contrary to EU rules...
Can SeaFrance be saved?
Back to the article
React to the article
(1) Reaction
The Sea France Fiddle
How can it be legal for a dying company to be invited to increase its redundancy package to such a level that its employees can thereby afford to invest in a new ownership structure for the company? To do that means that the Sea France shareholders have to take a loss on the value of their assets. Presumably since SNCF is a national company the government will cover that - but that is contrary to EU rules...