EC extraordinary June 3, 2010
The two resolutions passed by the works of NR at the Special Meeting of Tuesday, June 3, 2010.
1. "Noting that in its report submitted June 19, 2010 before the extraordinary general meeting of shareholders, the Executive Board of The New Republic calls for the continued operation of the company pushing the dissolution thereof, would have could lead to the fact that equity is reduced to an amount less than half the capital;
Whereas the same directory believes in the prospects and projects underway to restore equity in these time limits in the law but insisting that employees must be fully involved in these projects carry motivations
The Works gives a favorable opinion on the proposal from the Executive to record the continuity of society. "
2. "The works council has understood the financial need of the arrival of the Mountain in the capital of NR. He understands that this solution is essential to restore order Urgent cash levels required for continued operation of the newspaper.
However, the responses by management to questions posed by the works in this special meeting of June 3, 2010, do not provide absolute assurance on the maintenance of employment, working conditions, on the future of the industrial tool. Fears of further job cuts related to synergies and pooling resources with The Mountain is not totally eliminated by the same management responses. Development projects with shared central France needed to rebuild equity are not specified.
Because of these reservations, the works council prefers to abstain on the capital increase of NRCO with equity participation of 10% of Group Centre France, proposed at the general meeting of shareholders June 19, 2010.
The works in parallel form very strong desire that his arrival in the capital will allow recovery of the financial position of NR. The improvement must be precisely translated into new development projects which all employees of the company must be involved in particular by promoting genuine social dialogue. This is in the spirit of the resolution passed by the EC and adopted by the General Meeting of shareholders in 2009. There was every effort to keep the press diversity and quality of information in our broadcast area, to ensure continued employment and working conditions in compliance with existing agreements. "
1. "Noting that in its report submitted June 19, 2010 before the extraordinary general meeting of shareholders, the Executive Board of The New Republic calls for the continued operation of the company pushing the dissolution thereof, would have could lead to the fact that equity is reduced to an amount less than half the capital;
Whereas the same directory believes in the prospects and projects underway to restore equity in these time limits in the law but insisting that employees must be fully involved in these projects carry motivations
The Works gives a favorable opinion on the proposal from the Executive to record the continuity of society. "
2. "The works council has understood the financial need of the arrival of the Mountain in the capital of NR. He understands that this solution is essential to restore order Urgent cash levels required for continued operation of the newspaper.
However, the responses by management to questions posed by the works in this special meeting of June 3, 2010, do not provide absolute assurance on the maintenance of employment, working conditions, on the future of the industrial tool. Fears of further job cuts related to synergies and pooling resources with The Mountain is not totally eliminated by the same management responses. Development projects with shared central France needed to rebuild equity are not specified.
Because of these reservations, the works council prefers to abstain on the capital increase of NRCO with equity participation of 10% of Group Centre France, proposed at the general meeting of shareholders June 19, 2010.
The works in parallel form very strong desire that his arrival in the capital will allow recovery of the financial position of NR. The improvement must be precisely translated into new development projects which all employees of the company must be involved in particular by promoting genuine social dialogue. This is in the spirit of the resolution passed by the EC and adopted by the General Meeting of shareholders in 2009. There was every effort to keep the press diversity and quality of information in our broadcast area, to ensure continued employment and working conditions in compliance with existing agreements. "
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