Saturday, June 20, 2015

UGT expects the sale of Panrico Bimbo allows growth … – LaRepública.com.co

The union values ​​the operation, which has been informed directly by Bimbo and could be closed on Monday for the US investment fund Oaktree sold to the Mexican group the Spanish food company, which will make Bimbo in first Spanish company in the pastries and bread sector.

Although there are still “significant aspects to conclude to give closed the deal,” UGT hopes to contribute their opinions, proposals and alternatives, always attentive to developments to ensure the rights and interests of workers in Bimbo and Panrico.

The US investment fund Oaktree was made in 2013 with 100% of Panrico, which controlled until then 86%, and he undertook a profound restructuring process that led to a general strike in eight months, the longest of Spain, at its plant in Santa Perpetua de Mogoda (Barcelona), which ended in December 2014.

Panrico, which owns brands such as Donuts, La Bella Easo or Bollycao, in 2014 suffered a loss of 5.5 million euros.

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