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The helmsman of the Confederation of Production and Commerce (CPC), Juan Sutil, regretted the complex situation facing the Enjoy company, especially for the strong impact it will have on jobs, if it does not manage to overcome.
“It is a significant loss of work and a loss of activity for the economy. The coronavirus crisis makes it clear that companies that are weaker from the point of view of their financial strength are the ones that probably have the least tools to face the future, ”said Sutil.
After a meeting with President Piñera and the Minister of Economy, Lucas Palacios, in order to better channel the application of health protocols, in order to gradually resume the activity, the business leader clarified, however, that in the In the case of Enjoy, the effect was foreseeable, given that it was within an industry that was already being impacted by the crisis of October 18 last.
The complex situation facing the casino firm caused the debate about whether or not it is appropriate for the State to help large companies affected by the crisis. However, in most union leaders, there is quite a consensus that there should be assistance, especially in the case of systemic companies.
Sutil suggested that what happened with Enjoy could be replicated in other companies and believes, in turn, that this accounts for how affected the activity is. “In the end what is going to happen is that according to how the situation is getting worse, they are going to have to take measures,” said the leader.
Thus, and specifically consulted on whether what happened with Enjoy puts pressure on the Executive to give greater facilities to big companies in trouble, he clarified that “more than forcing future decision-making, it is an element to consider”, so He indicated that “in some cases it is likely that aid instruments will have to be applied”.
From the National Chamber of Commerce (CNC), Manuel Melero, assured that as well as the case of Enjoy, from now on there will be more and in other sectors.
“The support must be for all companies regardless of size, because they all have their problems. We must see how the State is going to help them. It can be a temporary transfer of ownership, a liquidity injection with a certain term. There are several alternatives, “he said.
The president of the National Society of Agriculture (SNA), Ricardo AriztíaMeanwhile, he maintained that what is important is not size, but the role that these large companies play within the State. There are many aspects to consider and it is an issue that has to be case by case. Some will have to be helped by the market and others on which there must be a subsidiary role of the State, ”said the former CPC president.
Under this same logic, his mining partner, Diego Hernández, stated that if there is aid to large companies, this is for those with a systemic nature.
José Manuel Mena, head of the Association of Banks and Financial Institutions, considers that “a definition should be made of which instruments are going to be used to help them.” In any case, he believes that there are a maximum of four companies that should be helped, Latam Airlines is one.
From the Chilean Chamber of Construction (CChC) the message is similar. The leader of this guild, Patricio donoso, said that “the State has shown that it has a sense of urgency, and the President himself has said that he is working on aid for this group.”
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