convair wrote: ↑30 Oct 2018, 00:06
A 24 hours warning strike on the 25th should have been enough, together with the "promise" that a longer one at a critical period (Xmas or New Year holidays) was to be expected if things were not changed by, say, end of November.
The current stike is suicidal, imho:
Looking at the AP figures given earlier on this thread by "passenger", it appears that their short term debt is almost equivalent to half their 2017 sales. Unless that debt is owed to a sister/mother company that can and is willing to provide help or they find a patient bank with which they can restructure that debt, the situation seems hopeless.
I'm not an accountant, but I thins these are some other relevant figures from the annual account, published on NBB.be. It gives a brief summary of their debts, without details about names etc. Hence it's no secret or a violation of privacy that I give these details:
Debts on max. 1 year:
2.950.004: banks
13.966.989: suppliers
8.086.211: salaries and related taxes
133.544: taxes
Debts, longer then one year:
22.650.620: "other loans"
Counter-account:
11.555.825 Handelsvorderingen (allow me to translate that into "we're awaiting payment for...")
- - -
Airlines may have empathy towards their business partner and supplier, but they wont have mercy when it's about money. The strike by Aviapartner has caused severe damage to airlines, and they will all try to recover their damage from Aviapartner. Only a very small part can be waived in court: the costs that were caused before the strike was officially recognized by the trade unions. A wildcat strike indeed is seen as "unevitable". But once the strike was official, Aviapartner is responsible.
After all, that's the principle why trade unions go on strike: "to cause so much damage that it's cheaper for the employer to give in, rather then bearing the costs of the strike".