Home » Moby-Cin, the Court of Milan accepts the proposal for an arrangement with creditors

Moby-Cin, the Court of Milan accepts the proposal for an arrangement with creditors

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Moby-Cin, the Court of Milan accepts the proposal for an arrangement with creditors

Another step forward. The journey to rescue Moby-Cin of the Onorato Armatori Group whose future is linked to the fate of six thousand workers has overcome another obstacle. The bankruptcy court of Milan admitted the new proposed arrangement with creditors presented by Moby-Cin after a few weeks ago the judicial commissioners of Tirrenia had “expressed an overall positive opinion on the resilience of the plan” with which an agreement on debt restructuring is expected that Cin (a shipping company controlled by Moby of the Onorato Armatori Group) has against Tirrenia in extraordinary administration.

Salvataggio on the edge

The turning point in the story, which has been going on for some time, took place on March 24 (one week before the deadline set by the court to find an agreement and avoid bankruptcy) with the announcement of the Aponte and Onorato families on reaching an agreement ” aimed at a capital increase in Moby Spa by the Msc group “. Capital increase, as written in the note, «aimed at paying Tirrenia under extraordinary administration to allow the immediate recovery of the Moby group and in the interest of its 6 thousand workers. The MSC group will enter Moby with a minority shareholding ». According to the Moby plan, Cin will have to pay Tirrenia in extraordinary administration 82 million euros with the formula “balance and excerpt”. The second appointment set by the judges of the Milan court will follow on 20 June, when the creditors’ meeting will take place.

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The appeals and the mobilization

Throughout the period preceding the March meetings following which an agreement was reached, appeals alternated both from the founder of the group Vincenzo Onorato, and from trade union and trade organizations to find a solution and save both the 6 thousand direct workers and other companies that revolve around the maritime transport system.

The caution of trade unions

They look positively at the progress made but, before exulting, the unions prefer to take time and relaunch. “It is clear that this is good news – comments Arnaldo Boeddu, general secretary of Filt Sardegna – but we must also say that it is only a first step for the protection of over 6 thousand seafarers”. First step that the trade unionist defines as “not enough”. Reason? “A prospective industrial plan is essential that has as its ambition the creation of a company that can compete with other shipowners – he adds – to guarantee maritime territorial continuity to and from Sardinia, as well as the employment levels guaranteed up to now throughout the maritime sector, first of all that linked to the towing sector ».

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