Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-23-Speech-1-035"
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"en.20090323.13.1-035"2
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"It is scandalous that the only wholly Portuguese-owned tyre factory has been at a standstill for several months, putting at risk nearly 300 direct jobs in the socially deprived area of Vale do Ave. This area has one of the highest levels of unemployment in the European Union following a series of business closures and job cuts in the textile sector.
The Camac workers in Santo Tirso and the trade union representing them have publicly exposed this serious situation, indicating that the company owes nothing to the banks or to the State, and is in fact in credit to the tune of tens of thousands of euros as a result of VAT withholding. The main creditors are the workers themselves whose salaries have not been paid because the company has failed to cope with the consequences of the falling value of the British pound, which is where almost all its production is exported, and the soaring cost of the raw materials used in the manufacturing process.
Following the company’s insolvency application, they are waiting until 30 March for a solution. The Portuguese Government and the European Commission urgently need to respond to the warning and to the discontent voiced by the workers in order to prevent more unemployment and misery in an area where there are no alternative jobs."@en1
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