Mercuri International is closing its Spain unit and offering employees 0 euro in compensation despite most having over 20 years of service. The Labor Ministry ruled the parent company in Sweden is responsible for obligations to employees. While negotiations are ongoing, employees may appeal if the outcome is not favorable. Additional legal risks exist if clients' international projects in Spain are disrupted by unsatisfactory resolution for Spanish employees.
iSpot - e-Learning Community presentation 15th October 2013Open University
iSpot and iSpot Mobile are participatory science applications that allow users to identify and share observations of natural history. iSpot has over 250,000 observations, 280,000 images, 30,000 registered users who have identified 7,000 species. The iSpot mobile app enables this functionality on smartphones, allowing users to upload observations and identify species offline or online. An evaluation found the app to be stable, easy to use and intuitive. Future plans include expanding internationally with improved social and mapping tools.
iSpot - eSTEeM conference 2016 (Open University)Open University
iSpot is a website and mobile app that allows users to upload and browse wildlife observations, earn badges and rewards for identifying species. It features intelligent quizzes for assessment, different question types, communities for collaboration, and shows the connections between species in ecological webs. The platform also supports custom projects and localization for different regions as well as personalization features for individual users.
A sticky website is one that keeps viewers engaged by providing interesting and useful content, media, and features that encourage users to stay on the site and return frequently. They aim to maintain a low bounce rate by grabbing users' attention with videos, pictures, games and customization options. Early websites provided basic information, but viewers now expect more graphics and interactivity to remain interested, leading sites to incorporate eye-catching elements to better retain users. Key factors for stickiness include abundant yet organized content, engaging media, internal and external links, advertisements, and customization.
The document summarizes the development of the iSpot Mobile app, a participatory science application for natural history observations. It describes how the app allows users to upload photos, locations, and species identifications. The app was created to make the functionality of the iSpot website available on mobile. It underwent multiple versions with feedback from users and testers to improve the interface design and navigation. Future plans include expanding the social features, locations tools, and availability across more device types.
This document discusses mathematical modeling of Steel's conjecture regarding comparing evolutionary trees. It provides data on the number of leaves (n), number of transformations using subtree prune and regraft (SPR) distance, total number of trees, and total number of distinct pairs for trees with 1 to 6 leaves.
iSpot - e-Learning Community presentation 15th October 2013Open University
iSpot and iSpot Mobile are participatory science applications that allow users to identify and share observations of natural history. iSpot has over 250,000 observations, 280,000 images, 30,000 registered users who have identified 7,000 species. The iSpot mobile app enables this functionality on smartphones, allowing users to upload observations and identify species offline or online. An evaluation found the app to be stable, easy to use and intuitive. Future plans include expanding internationally with improved social and mapping tools.
iSpot - eSTEeM conference 2016 (Open University)Open University
iSpot is a website and mobile app that allows users to upload and browse wildlife observations, earn badges and rewards for identifying species. It features intelligent quizzes for assessment, different question types, communities for collaboration, and shows the connections between species in ecological webs. The platform also supports custom projects and localization for different regions as well as personalization features for individual users.
A sticky website is one that keeps viewers engaged by providing interesting and useful content, media, and features that encourage users to stay on the site and return frequently. They aim to maintain a low bounce rate by grabbing users' attention with videos, pictures, games and customization options. Early websites provided basic information, but viewers now expect more graphics and interactivity to remain interested, leading sites to incorporate eye-catching elements to better retain users. Key factors for stickiness include abundant yet organized content, engaging media, internal and external links, advertisements, and customization.
The document summarizes the development of the iSpot Mobile app, a participatory science application for natural history observations. It describes how the app allows users to upload photos, locations, and species identifications. The app was created to make the functionality of the iSpot website available on mobile. It underwent multiple versions with feedback from users and testers to improve the interface design and navigation. Future plans include expanding the social features, locations tools, and availability across more device types.
This document discusses mathematical modeling of Steel's conjecture regarding comparing evolutionary trees. It provides data on the number of leaves (n), number of transformations using subtree prune and regraft (SPR) distance, total number of trees, and total number of distinct pairs for trees with 1 to 6 leaves.
Embedding social media to effectively support OU learning with Eric StollerOpen University
A one day event at the Open University with Eric Stoller to develop a set of institutional action plan around embedding social media within formal contexts.
The document outlines a vision for innovation at The Open University with the following key points:
1) Strengthen its position as an international player by exploring new markets and global partnerships.
2) Develop an innovative research program and improve research facilities to support applied research.
3) Make improvements to infrastructure including moving to outsourced models, tracking feedback, and developing flexible approaches to accreditation.
4) Ensure skills development for staff, improve processes for innovation, and better connect with industry and communities.
The document discusses technology enhanced learning design. It defines learning design as the description of teaching and learning processes within a learning event or module. An iterative, evidence-based approach to learning design is advocated. Learning design is broader than instructional design as it considers all tools, resources and methods used. Conceptual models for learning design include personas, maps and templates. Levels of design include curriculum, module and activity levels. Technology enhanced learning design focuses on evidence-based activity design considering student activity, outcomes, support, technology and practice improvement. A variety of tools for content delivery, assessment, collaboration and student support are discussed. Regular evaluation and reflection on practice is emphasized.
Video game consoles evolved from simple single-game devices in the 1970s to complex machines that could play video games and multimedia content. Early consoles included the Atari and Nintendo Entertainment System, while later generations featured the PlayStation, Nintendo 64, Dreamcast, Xbox and Wii. Handheld gaming devices also grew in popularity, such as the Game Boy and PlayStation Portable. Researchers have explored using gaming consoles and their controllers in educational contexts, such as teaching surgical skills or driving lessons. Gaming is now widespread and its potential for encouraging learning deserves consideration.
This document discusses citizen science and sensing technologies for engagement with the environment. It proposes using low-cost sensor devices to engage citizens with both their digital environment and natural surroundings. Some potential engagement activities mentioned include monitoring horse-chestnut tree health, the impact of grass cutting on urban wildlife, and the ecosystem services provided by urban trees in mitigating temperature and air pollution. The goal is to explore how sensor technology can facilitate STEM public engagement with the natural world.
In een online community kun je als bedrijf luisteren naar de gesprekken, de informatie die mensen delen analyseren en zien welke personen bepalend zijn in een online gemeenschap. Je kunt direct meedoen aan gesprekken. Je kunt vragen stellen en beantwoorden. Een community combineert zo op een natuurlijke manier verschillende vormen van marktonderzoek, kwantitatief en kwalitatief.
New regulations 2015: Immigration to Spain - Golden Visa Program, Company SetupDe Micco & Friends Group
New regulations 2015 regarding immigration to Spain for Non EU countries. Golden Visa Program Spain for investors, company formation process, immigration and investment criterias.
To create a new company in Spain, there is a 10 step process that must be followed:
1) Obtain a Tax Identification Number (NIE)
2) Get certification of the unique company name from the Mercantile Register
3) Draft the company statutes
4) Open a bank account and deposit the minimum capital of 3,006 euros
5) Sign the incorporation documents in front of a notary public
6) Register with the Tax Office to obtain a permanent Corporate Tax ID Number
7) Notify the regional government of the new business
8) Register with social security and for occupational accident insurance
9) Submit a notification of business start to the municipality
10) Legalize the company
This document provides an overview of establishing and doing business in Spain. It discusses the main types of legal entities for forming a business (corporations and limited liability companies), the process for incorporation which takes 6-8 weeks, and the Spanish financial, tax, labor and commercial legal systems. It also outlines various investment incentives available in Spain such as tax benefits, regional incentives, and incentives for specific industries, SMEs and foreign investment.
International teleworking: migration, tax and Social Security implicationsAGM Abogados
The document is a presentation about international teleworking and the implications for visas, work permits, social security, and taxes. It defines a digital nomad as a professional working remotely for foreign companies. There are two options for digital nomads to stay in Spain - a visa allowing up to 1 year or residence permit allowing up to 3 years. Requirements include proof of remote work, salary, qualifications, and health insurance. Social security contributions depend on international agreements and work status. A special tax regime applies to employees relocated to Spain with tax rates up to 24% on incomes up to €600,000.
The President of BURE EQUITY provided inaccurate information in his 2009 Year-End report regarding Mercuri International's operations. Specifically, the report stated that unprofitable operations in Japan, Spain and Canada had been wound down, but Mercuri International Spain was still open at the end of April 2010. The situation regarding provisions for paying employees severance is unclear and likely underestimated given that Mercuri International Spain's closure was rejected in court due to procedural issues and losses have increased each month that closure is delayed. This letter aims to correct the inaccurate information and ensure investors and the market are properly informed.
A franchise agreement in Spain is signed between the franchisor and the franchisee and our team of Spanish lawyers can offer legal assistance on the rights and obligations imposed to each party. Please address to our lawyers at https://www.lawyersspain.eu/.
Bufete Escura is a respected law firm in Barcelona that provides legal services to both Spanish and global companies. The nine-lawyer firm prides itself on its personalized and proactive approach. This document provides an overview of investments and trade in Spain, including the country's legal system, types of business entities like public limited companies and limited liability companies, tax system, labor regulations, and civil legal proceedings. It summarizes the key steps and considerations for foreign companies looking to invest and establish operations in Spain.
Doing Business In Spain 2012 Borrador Modificado.Pptelenaramirezib
This document summarizes key information for doing business in Spain, including:
1. The main types of legal entities are corporations (S.A.), limited liability companies (S.L.), sole proprietorships, and branches of foreign companies.
2. Accounting and auditing requirements include maintaining statutory accounting books and depositing annual accounts and auditors' reports with the commercial registry.
3. Corporate income tax is 30% with reductions for small companies, while personal income tax ranges from 24.75-56% depending on taxable income. Losses can be carried forward for 18 years.
1. The tax system in Slovakia includes corporate and personal income tax, VAT, and excise taxes. Corporate income tax is 19% and VAT is 20%.
2. Setting up a business requires establishing the company, obtaining necessary permits like a trade license, and incorporating the company with the Commercial Registry. Obtaining permits can take 5-10 days.
3. Running a business in Slovakia has typical costs like employee salaries, rent, and advertising. Employers and employees pay social security taxes, and employers must follow employment laws regarding contracts, non-discrimination, and work hours.
The Revenue Commissioners are responsible for tax administration in Ireland. They verify compliance by reviewing tax returns, which typically takes less than four years from the filing date. Revenue can request information from taxpayers and interview employees. If taxpayers do not comply, Revenue can take enforcement actions like assessments, penalties and criminal prosecution. Taxpayers can protect privileged commercial information like legal advice. The standard limitation period for Revenue to review returns is four years.
Spain and other countries in Europe offer to foreign entrepreneurs residency and work permit. Individuals wishing to reside in Spain and
to set up or acquire a company there must apply for a temporary residence permit and a work permit as anentrepreneur. De Micco & Friends supports all services such as company set up, company bank account set up, interim directorship, applications, notarizations, tax registration, preparation of legal forms, audit and accounting to individuals who like to get a residency and work permit in Spain. Learn more in this article about the conditions and procedures.
Embedding social media to effectively support OU learning with Eric StollerOpen University
A one day event at the Open University with Eric Stoller to develop a set of institutional action plan around embedding social media within formal contexts.
The document outlines a vision for innovation at The Open University with the following key points:
1) Strengthen its position as an international player by exploring new markets and global partnerships.
2) Develop an innovative research program and improve research facilities to support applied research.
3) Make improvements to infrastructure including moving to outsourced models, tracking feedback, and developing flexible approaches to accreditation.
4) Ensure skills development for staff, improve processes for innovation, and better connect with industry and communities.
The document discusses technology enhanced learning design. It defines learning design as the description of teaching and learning processes within a learning event or module. An iterative, evidence-based approach to learning design is advocated. Learning design is broader than instructional design as it considers all tools, resources and methods used. Conceptual models for learning design include personas, maps and templates. Levels of design include curriculum, module and activity levels. Technology enhanced learning design focuses on evidence-based activity design considering student activity, outcomes, support, technology and practice improvement. A variety of tools for content delivery, assessment, collaboration and student support are discussed. Regular evaluation and reflection on practice is emphasized.
Video game consoles evolved from simple single-game devices in the 1970s to complex machines that could play video games and multimedia content. Early consoles included the Atari and Nintendo Entertainment System, while later generations featured the PlayStation, Nintendo 64, Dreamcast, Xbox and Wii. Handheld gaming devices also grew in popularity, such as the Game Boy and PlayStation Portable. Researchers have explored using gaming consoles and their controllers in educational contexts, such as teaching surgical skills or driving lessons. Gaming is now widespread and its potential for encouraging learning deserves consideration.
This document discusses citizen science and sensing technologies for engagement with the environment. It proposes using low-cost sensor devices to engage citizens with both their digital environment and natural surroundings. Some potential engagement activities mentioned include monitoring horse-chestnut tree health, the impact of grass cutting on urban wildlife, and the ecosystem services provided by urban trees in mitigating temperature and air pollution. The goal is to explore how sensor technology can facilitate STEM public engagement with the natural world.
In een online community kun je als bedrijf luisteren naar de gesprekken, de informatie die mensen delen analyseren en zien welke personen bepalend zijn in een online gemeenschap. Je kunt direct meedoen aan gesprekken. Je kunt vragen stellen en beantwoorden. Een community combineert zo op een natuurlijke manier verschillende vormen van marktonderzoek, kwantitatief en kwalitatief.
New regulations 2015: Immigration to Spain - Golden Visa Program, Company SetupDe Micco & Friends Group
New regulations 2015 regarding immigration to Spain for Non EU countries. Golden Visa Program Spain for investors, company formation process, immigration and investment criterias.
To create a new company in Spain, there is a 10 step process that must be followed:
1) Obtain a Tax Identification Number (NIE)
2) Get certification of the unique company name from the Mercantile Register
3) Draft the company statutes
4) Open a bank account and deposit the minimum capital of 3,006 euros
5) Sign the incorporation documents in front of a notary public
6) Register with the Tax Office to obtain a permanent Corporate Tax ID Number
7) Notify the regional government of the new business
8) Register with social security and for occupational accident insurance
9) Submit a notification of business start to the municipality
10) Legalize the company
This document provides an overview of establishing and doing business in Spain. It discusses the main types of legal entities for forming a business (corporations and limited liability companies), the process for incorporation which takes 6-8 weeks, and the Spanish financial, tax, labor and commercial legal systems. It also outlines various investment incentives available in Spain such as tax benefits, regional incentives, and incentives for specific industries, SMEs and foreign investment.
International teleworking: migration, tax and Social Security implicationsAGM Abogados
The document is a presentation about international teleworking and the implications for visas, work permits, social security, and taxes. It defines a digital nomad as a professional working remotely for foreign companies. There are two options for digital nomads to stay in Spain - a visa allowing up to 1 year or residence permit allowing up to 3 years. Requirements include proof of remote work, salary, qualifications, and health insurance. Social security contributions depend on international agreements and work status. A special tax regime applies to employees relocated to Spain with tax rates up to 24% on incomes up to €600,000.
The President of BURE EQUITY provided inaccurate information in his 2009 Year-End report regarding Mercuri International's operations. Specifically, the report stated that unprofitable operations in Japan, Spain and Canada had been wound down, but Mercuri International Spain was still open at the end of April 2010. The situation regarding provisions for paying employees severance is unclear and likely underestimated given that Mercuri International Spain's closure was rejected in court due to procedural issues and losses have increased each month that closure is delayed. This letter aims to correct the inaccurate information and ensure investors and the market are properly informed.
A franchise agreement in Spain is signed between the franchisor and the franchisee and our team of Spanish lawyers can offer legal assistance on the rights and obligations imposed to each party. Please address to our lawyers at https://www.lawyersspain.eu/.
Bufete Escura is a respected law firm in Barcelona that provides legal services to both Spanish and global companies. The nine-lawyer firm prides itself on its personalized and proactive approach. This document provides an overview of investments and trade in Spain, including the country's legal system, types of business entities like public limited companies and limited liability companies, tax system, labor regulations, and civil legal proceedings. It summarizes the key steps and considerations for foreign companies looking to invest and establish operations in Spain.
Doing Business In Spain 2012 Borrador Modificado.Pptelenaramirezib
This document summarizes key information for doing business in Spain, including:
1. The main types of legal entities are corporations (S.A.), limited liability companies (S.L.), sole proprietorships, and branches of foreign companies.
2. Accounting and auditing requirements include maintaining statutory accounting books and depositing annual accounts and auditors' reports with the commercial registry.
3. Corporate income tax is 30% with reductions for small companies, while personal income tax ranges from 24.75-56% depending on taxable income. Losses can be carried forward for 18 years.
1. The tax system in Slovakia includes corporate and personal income tax, VAT, and excise taxes. Corporate income tax is 19% and VAT is 20%.
2. Setting up a business requires establishing the company, obtaining necessary permits like a trade license, and incorporating the company with the Commercial Registry. Obtaining permits can take 5-10 days.
3. Running a business in Slovakia has typical costs like employee salaries, rent, and advertising. Employers and employees pay social security taxes, and employers must follow employment laws regarding contracts, non-discrimination, and work hours.
The Revenue Commissioners are responsible for tax administration in Ireland. They verify compliance by reviewing tax returns, which typically takes less than four years from the filing date. Revenue can request information from taxpayers and interview employees. If taxpayers do not comply, Revenue can take enforcement actions like assessments, penalties and criminal prosecution. Taxpayers can protect privileged commercial information like legal advice. The standard limitation period for Revenue to review returns is four years.
Spain and other countries in Europe offer to foreign entrepreneurs residency and work permit. Individuals wishing to reside in Spain and
to set up or acquire a company there must apply for a temporary residence permit and a work permit as anentrepreneur. De Micco & Friends supports all services such as company set up, company bank account set up, interim directorship, applications, notarizations, tax registration, preparation of legal forms, audit and accounting to individuals who like to get a residency and work permit in Spain. Learn more in this article about the conditions and procedures.
This document provides information about Form 720 filing requirements in Spain. Form 720 must be filed by Spanish tax residents to report assets held abroad if the value of bank accounts, investments, or real estate exceeds 50,000 euros. It outlines what assets must be reported, including bank accounts, stocks, insurance policies, and real estate. Failure to file or filing incomplete or inaccurate information can result in fines of up to 150% of unreported asset values. The deadline to file Form 720 is March 31, 2014.
EY Labor & Employment Law Newsletter December 2015 edition Roselyn S. Sands
The document discusses labor and employment dispute resolution processes in various countries around the world. It provides overviews of dispute resolution approaches in the following locations:
- Albania, where employers must follow termination procedures or risk paying employees additional compensation, and lawsuits often involve claims of unjustified termination.
- Argentina, which has mediation, conciliation, arbitration, and collective bargaining as alternative dispute resolution methods to filing a lawsuit.
- Australia, where social media now plays a prominent role in employment disputes regarding issues like bullying and harassment. Recent court cases have begun to define when social media activity is relevant to employment.
- Belgium, which has a civil law system and labor courts to resolve individual disputes, along with
The document discusses Spain's new immigration law which aims to support entrepreneurship and business activities. It introduces a new framework for qualified immigration and investors. The law provides fast-track visa and residence permits for investors, entrepreneurs, executives, and skilled professionals who meet certain criteria. It outlines the general advantages and requirements for these categories. Specifically, it details the process and requirements for obtaining investor visas and residence permits, including minimum investment amounts and documentation needed. It also discusses permits for entrepreneurs to develop innovative business activities and for companies to hire foreign executives and skilled professionals.
Investments and Trade in Spain - October 2015TAG Alliances
Bufete Escura is one of the most well known and respected Law firms in Barcelona. A client centered service, coupled with high quality ethical standards form the basis of our mission. Our longstanding service ethic has resulted in us becoming the reference Law firm for a wide range of business associations who trust our firm as the Law firm they recommend to their associates. Bufete Escura delivers legal services to a great number of global companies, who trust in us to supervise and advise their subsidiaries due to our specialist knowledge of the regulatory and business framework both in Catalonia and throughout Spain. We must emphasize our special relationship with Italian companies based or willing to be based in the Barcelona area, given that we have several collaboration agreements signed with different Italian Chambers of Commerce.
Following implementation of the new obligation to Register Intermediaries Act on 1 July 2012, companies who supply workers on a commercial basis must register with the Dutch Chamber of Commerce. Companies who supply workers on an ad hoc non-commercial basis must inform the Dutch Chamber of Commerce.Failure to register will result in high fines. Both the company supplying workers and the hirers risk a fine of up to €76,000 for the first violation, €152,000 for the second and €228,000 for the third violation of the obligation to register per worker. In practice, the fines are not expected to amount to more than €12,000 for the first violation, €24,000 for the second and €36,000 for the third violation.
Examples of companies obliged to register:
- an employment agency established in the UK supplying workers to companies in the Netherlands;
- companies providing specialized personnel for among others, offshore projects, if the employees work under the client’s supervision;
- a consultancy firm that temporarily places one or more of its employees with a client to deputize for a pregnant employee of the client:
Spanish Law 7/2012 introduced new reporting obligations for assets and rights located abroad. Taxpayers must disclose on a new Tax Form 720 by April 30, 2013 accounts, securities, insurance policies, real estate, and other assets located abroad over €50,000. Failure to comply exposes taxpayers to fines up to €10,000 and treats undisclosed assets as unjustified capital gains or income from the earliest open tax period. This special tax alert discusses the new reporting rules and consequences of noncompliance.
This document provides an overview of doing business in Spain. It discusses various business entities like corporations, partnerships, sole proprietorships and branches. It covers accounting and audit requirements, as well as finance and investment topics such as exchange controls, banking, incentives and restrictions. Key points include minimum capital requirements to form corporations, joint venture options, filing annual financial reports, and freely repatriating profits without exchange controls.
The newsletter summarizes upcoming events hosted by the GRUIA DUFAUT Law Office, including presentations on legal frameworks for investments in Romania and labor law. It also provides summaries of new regulations regarding remote working, tax audits of individuals, and debt collection across the EU. Additionally, it announces that microenterprises can now opt for corporate tax instead of turnover tax and that the founder of the law office was appointed an ambassador for a program encouraging Romanian entrepreneurship. Finally, it discusses services available related to the new European General Data Protection Regulation taking effect in May 2018.
1. FACTS CONCERNING PERSONNEL OF MERCURI
INTERNATIONAL SPAIN IN PROCESS OF LIQUIDATION
(FACTS CONCERNING CUSTOMERS WILL FOLLOW…)
Facts that you may know:
All of you must be aware of the fact that MIGAB has taken the decision to
close the unit of Mercuri International in Spain without giving the
employees the legal compensation they are entitled to (an amount
equivalent to 45 days per year worked) and they deserve after having
shown their commitment, loyalty and hard-working for over 20 years (most
of them) towards the Company.
As a matter of fact, Mercuri International offers the Spanish Employees 0
€ and claims that the compensations should be paid by Government
Spanish Insurance Funds which means that they would receive a symbolic
charity amount.
The decision taken by the Labour Ministry against the application filed by
the Lawyer who represents the Group in Spain on July 24th, requesting the
termination of contracts for the Spanish employees, states among other
clauses, the following one that might be of interest to you:
“The company making the request belongs to MERCURI
INTERNATIONAL GROUP AB, with which Headquarters - with
registered domicile in Sweden – it has an economical relationship that
should be considered in order to study the actual causes for its requested
dissolution. It exists, according to Case Law declarations, a consolidated
responsibility between Group companies in order to fullfill obligations
derived from labour contracts.
Case Law, as well, has established the need in such cases to study
economical documents concerning Group Companies”
This resolution was issued on. September 29th, 2009.
1
2. Parallelly, as the Company’ Lawyer had the feeling that this application
would be turned down by Social Authorities, an additional legal procedure
was initiated at the beginning of September in order to obtain the
termination of contracts for the employees of Mercuri International Spain.
This time, the decision will have to be issued by a Magistrate of a different
Court that rules under commercial laws.
On November 24th, the Spanish employees of Mercuri International were
informed that a negotiation process lasting a minimum of 15 days was open
in order to try to reach an agreement between the Company and the
workers. If no agreement is reached this time, the Magistrate will take the
decision regarding the termination of contracts and the compensation to be
paid to Spanish employees and by whom.
Should this decision be in favour of the Company, the employees of
Mercuri International will appeal against this ruling and the file will go
back to the Labour Ministry that already took a decision in favour of the
employees, according to the above stated paragraph.
In addition to the above legal risks, there are important financial risks that
the Group should not disregard. These latter are related to Clients and
specially to International Clients business.
You surely all know that some of us were offered the possibility to join a
new Company that would be set up as soon as the present one would be
closed in order to continue to manage the International Projects with the
same level of quality as up to now in Spain. In order to settle this
agreement, Nicole Dereumaux in a meeting held with Spanish employees
in Madrid on July 10th offered those that were not getting a job in the new
Company a compensation of 36 days per year of employment in Mercuri,
but a few days later Nicole Dereumaux went back on her word and,
consequently, no agreement was reached with future unemployed people.
On the other hand, conditions offered to those supposed to join the new
Company were not acceptable either.
Therefore, as a satisfactory agreement was not reached, other formulas are
being studied to carry out International Projects in Spain. It should be born
into account that all of them are in risk, if a satisfactory solution is not
found for all the Spanish employees, as well as the image of Mercuri
International in Spain and worldwide.
2
3. Facts that you may not know and that will be of interest to a
Magistrate:
1) Approximately at the same date, but last year, two Spanish
Consultants were fired, but they were paid, as severance, 45 days per
year worked.
2) In the month of December of last year 2 more Spanish employees
belonging to the administrative staff were dismissed and they
reached an agreement with the Company concerning their severance
payment of 36 days per year worked.
3) Among the above mentioned administrative employees was the
Financial Manager who was paid an indemnity of 145.000 € last year
and who was supposed to leave the Company in the month of
December 2008. Nevertheless, she went on working in Mercuri
International offices until the end of June 2009 (Just after the Board
Meeting was held and the decision to close the unit was formally
approved). She was probably hired by an intermediary, although paid
by Mercuri International. Moreover, this person did not leave
completely the Company at the end of June either. She has been
collaborating, this time from outside the office, with the Lawyer of
the Company in order to help fire her former colleagues with no
compensation at all. Guess who has paid for her work.
4) At the end of June, the accountant was also fired with a
compensation of 45 days per year worked. Straight afterwards she
was hired by the Lawyer of the Company, but she is being paid by
Mercuri International Group and she is working for the Lawyer of
the Company in her former desk in the offices of Mercuri
International Spain.
5) At the beginning of September instructions were given so that no
more income would be generated through International Projects for
Spain.
3
4. 6) Steps are being taken in order to copy the data included in the servers
of Mercuri International Spain through Mercuri International UK.
This procedure is contrary to the Spanish Law of Data Protection.
Where are the Core Values preached by Mercuri International in this
issue?
We are requesting by this writing that a win-win negotiation,
according to Mercuri International’s principles, be initiated with
Spanish employees in order to find a satisfactory agreement for all
parts involved and avoid financial prejudices on both sides.
Madrid, November 30th, 2009
4