The Regional Labor Court of the 10th Region provisionally suspended, on Tuesday, the 18th, the collective layoffs carried out by the Casas Bahia Group last week and restricted new cuts without the intermediation of union entities. When contacted, the Group has not yet commented on the decision.
Court suspends dismissals from Casas Bahia and restricts new cuts
The Regional Labor Court of the 10th Region provisionally suspended, on Tuesday, the 18th, the collective layoffs carried out by the Casas Bahia Group last week and restricted new cuts without the intermediation of union entities. When...
On Sunday, the 16th, the company filed a request for judicial recovery for debts of R$17.3 billion. In a relevant fact sent to the Securities and Exchange Commission (CVM), the company stated that the request occurs in a context of deteriorating economic and financial conditions, attributing the scenario, among other factors, to a macroeconomic environment...
- In a relevant fact sent to the Securities and Exchange Commission (CVM), the company stated that the request occurs in a context of deteriorating economic and financial conditions,...
- In the process, the National Confederation of Commerce Workers (CNTC) stated that the company closed 298 stores and laid off around 1,900 employees between August 13 and 14, without prior...
- The decision, signed by judge Katarina Mousinho de Matos, determined that the company has five days from the date of the summons to provisionally restore the legal and economic ties of the...
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On Sunday, the 16th, the company filed a request for judicial recovery for debts of R$17.3 billion.
In a relevant fact sent to the Securities and Exchange Commission (CVM), the company stated that the request occurs in a context of deteriorating economic and financial conditions, attributing the scenario, among other factors, to a macroeconomic environment marked by high interest rates, credit restrictions, increased financial costs and pressure on consumption and working capital.
In the process, the National Confederation of Commerce Workers (CNTC) stated that the company closed 298 stores and laid off around 1,900 employees between August 13 and 14, without prior union intervention.
The decision, signed by judge Katarina Mousinho de Matos, determined that the company has five days from the date of the summons to provisionally restore the legal and economic ties of the affected workers.
According to the document, the measure does not imply reopening of closed stores or automatic physical return to old jobs.
If it does not comply with the decision, Casas Bahia may be fined R$500 per day per worker affected.
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