Fuchs & Associés Finance S.A. employees fail to benefit from social plan

The staff delegation of Fuchs & Associés Finance S.A., currently in liquidation, strongly condemns the failure of negotiations with the liquidator to put in place a social plan which would have enabled the employees of Fuchs & Associés Finance S.A. to be properly compensated, following the company's compulsory liquidation by judgment of the Luxembourg District Court on July 18, 2023.

At the initiative of the ALEBA trade union and with the active support of the LCGB trade union, sustained steps were taken with the assistance of a law firm to obtain a fair social plan.

However, despite the combined efforts of the two unions, and even after intervention by the ONC (Office National de Conciliation), the parties were unable to reach an agreement, and a procès-verbal de non-conciliation was drawn up by the ONC on August 17, 2023.

The ALEBA and LCGB unions believe that this failure is solely due to the unwillingness and intransigence of the liquidator, even though a social plan was economically, socially and legally possible. This outcome leaves the employees of Fuchs & Associés Finance S.A. in the position of having to assert their rights individually.

ALEBA contact: +352 22 32 28 1 / info@aleba.lu / www.aleba.lu

LCGB contact: Maria-Helena Macedo, +352 691 733 074