Valencia presents an ERTE

first_imgGiven the consequent forecast of a significant decrease in income, the predisposition of players and coaches of the first team and youth team, in addition to senior management, has been at all times, since the beginning of the talks and in an exercise of responsibility and trust mutual, to help ensure the economic sustainability of the club at a time of difficulty and uncertainty for the future for all.In addition, with the priority of ensuring its commitment to protect its most vulnerable workers against the uncertain evolution of the situation, Valencia CF will supplement its income with a very high percentage of its workers. The club is particularly grateful for the solidarity effort of the first team, by reducing their salaries, to help the entity protect all workers and their families in such difficult circumstances.As a centennial entity and the main civil institution of the Valencian Community, Valencia CF reaffirms itself, more than ever, in its desire to be a benchmark, an example of commitment and a source of help for a society hit by an unprecedented circumstance, especially in its most vulnerable sectors. This is how it is being through various initiatives and this is how it will continue to be done, in a special way as long as the effects of this crisis continue.Valencia CF also wishes to publicly express its solidarity with all those affected by the pandemic, show its deepest condolences to those who have lost a loved one, and share the full force of Valencianism with those who continue to fight to overcome the disease. In particular, the entity wants to express its greatest appreciation and gratitude to all those people, many of them from Valencia, who fight daily on the front line of battle in our land to help leave as soon as possible a situation that continues to shock all of our society”. Valencia has joined the list of League clubs to present a Temporary Employment Regulation File (ERTE). The Mestalla club presented the documentation on the morning of April 20 and in the afternoon made it official through a statement.This economic measure is added to the agreement reached with the captains of the workforce for a salary reduction ranging from 18 to 9 percent depends on when and how the competition resumes. As revealed by AS, the presentation of an ERTE due to the Covid-19 crisis began to be seen by Valencia two weeks ago, despite the fact that at the start of the health crisis Anil Murthy had transmitted the contrary to employees by email. But the club uses this “legal instrument provided for situations of activity reduction due to force majeure” and does so to guarantee the jobs of its employees, who will receive in most cases full payment of their wages . Valencia, which will benefit from tax advantages once the government approves the ERTE, “will make an income supplement for a very high percentage of its workers.” Statement from Valencia in which the ERTE announces“In the current context of an exceptional health crisis worldwide due to the lethal coronavirus pandemic COVID19 and the forced indefinite cessation of its activity as a result of the State of Alarm decreed by the Government, Valencia CF wishes to show its satisfaction at having reached this Monday its objective of adapting to this situation, maintaining its commitment to protect the jobs of all its workers and the wages of its vast majority, through individual agreements and a Temporary Employment Regulation File (ERTE), the legal instrument envisaged for situations of reduced activity due to force majeure.last_img read more