Any news from Atos Spain?
- Auteur du sujet Lincon
- Date de début
Won't comment on your assertions, since "it depends".
Atos Spain is MEV plus the rest non MEV.
MEV is needed for the Olympics and no longer after, so it will be preserved by the french government during this summer.
For the rest (non MEV and MEV after this summer), it's gonna be decided by whoever (creditors and/or new deal owners) what they do with it, sell, liquidate, whatever.
To all Atos employees.
In case there would be a dismantlement, then some layoff could be important, 15% to 20% but this possibility for the moment is not a big risk. It is far from zero as make believe Mustier, but not a great risk.
If there is a restructuration, the only single true thing that Paul Saleh said (and I know it is difficult to believe him after so many lies) it is that if won't affect the business, on the contrary and he also said something accurate mentionning several company have been much stronger after restructurations.
Only functions that might be affected are sales function, that he mentionned customer want only one salesman for the whole range of ofer, but support fonction will remain unchanged.
I do believe there won't be any massive layoff at all. However in head management, a company can't go wrong only because of its president. So it might have musical chairs changes only in head functions.
All in all, 1/ Either the conciliation success and the group will remain intact and the layoff, might be tiny 2 or 3% of the staff, or 2/ the conciliation fail and there is apartment sale and then some areas could have significant layoff, but this second option for the moment is not the first scenario, even I wouldn't say like Mustier that the chance conciliation fail is zero and he stupidily put himself a useless pressure saying there is zero chance.
I encourage you to read again the Paul Saleh pass if January 19th
The last one is just really what they call safeguard, which your daughter’s asking, hey, is there a possibility that the company may find itself in that predicament? It’s just also it’s only when all these other type of activities have not borne fruit and you are just absolutely stuck. That is when the tribunal, in a sense, or discussions come up with a very quick solutions to just really try to bring everybody together. But then in this case, is there forcing the outcome in all cases?
Let me just make sure that you understand a bankruptcy in the form that people are talking about is one in which the company re-emerges very quickly with all their with a different set of creditors, where the bondholders and the people have given, you know, extended debt to the company with what they call get their debt converted into smaller amount and another amount in equity. Right.
So that’s not that it’s not the elimination of the company just stop existing. It’s just really exist in very quickly with a different form of a capital structure where the debt holders become owners and their obligations get reduced.
And there are a whole lot of example. I’m just giving you there are a lot of example of companies that have just really emerged well and perform extremely well post that process.
So that that we want to go there is just to give you the sense that we’re trying to find a solution, as I mentioned to you, that is really reasonable for everybody, which is the one that is currently on the table.
But there are a few mechanisms along the way that can be used to just really expedite a resolution. So you can tell your daughter that is not right now in the cards.
And right now, the management have confidence that they’re going to be able to steer the ship and avoid having to use that mechanism.
And again that’s a difference than total bankruptcy where you just really liquidate everything and the company’s to exist. This is what we’re talking about. So if you’re talking about Sauvegarde, the company still exists, but the capital structure is reorganized. It’s much more like every organization that is if you think about it.
Hopefully you can talk to her.
In case there would be a dismantlement, then some layoff could be important, 15% to 20% but this possibility for the moment is not a big risk. It is far from zero as make believe Mustier, but not a great risk.
If there is a restructuration, the only single true thing that Paul Saleh said (and I know it is difficult to believe him after so many lies) it is that if won't affect the business, on the contrary and he also said something accurate mentionning several company have been much stronger after restructurations.
Only functions that might be affected are sales function, that he mentionned customer want only one salesman for the whole range of ofer, but support fonction will remain unchanged.
I do believe there won't be any massive layoff at all. However in head management, a company can't go wrong only because of its president. So it might have musical chairs changes only in head functions.
All in all, 1/ Either the conciliation success and the group will remain intact and the layoff, might be tiny 2 or 3% of the staff, or 2/ the conciliation fail and there is apartment sale and then some areas could have significant layoff, but this second option for the moment is not the first scenario, even I wouldn't say like Mustier that the chance conciliation fail is zero and he stupidily put himself a useless pressure saying there is zero chance.
I encourage you to read again the Paul Saleh pass if January 19th
The last one is just really what they call safeguard, which your daughter’s asking, hey, is there a possibility that the company may find itself in that predicament? It’s just also it’s only when all these other type of activities have not borne fruit and you are just absolutely stuck. That is when the tribunal, in a sense, or discussions come up with a very quick solutions to just really try to bring everybody together. But then in this case, is there forcing the outcome in all cases?
Let me just make sure that you understand a bankruptcy in the form that people are talking about is one in which the company re-emerges very quickly with all their with a different set of creditors, where the bondholders and the people have given, you know, extended debt to the company with what they call get their debt converted into smaller amount and another amount in equity. Right.
So that’s not that it’s not the elimination of the company just stop existing. It’s just really exist in very quickly with a different form of a capital structure where the debt holders become owners and their obligations get reduced.
And there are a whole lot of example. I’m just giving you there are a lot of example of companies that have just really emerged well and perform extremely well post that process.
So that that we want to go there is just to give you the sense that we’re trying to find a solution, as I mentioned to you, that is really reasonable for everybody, which is the one that is currently on the table.
But there are a few mechanisms along the way that can be used to just really expedite a resolution. So you can tell your daughter that is not right now in the cards.
And right now, the management have confidence that they’re going to be able to steer the ship and avoid having to use that mechanism.
And again that’s a difference than total bankruptcy where you just really liquidate everything and the company’s to exist. This is what we’re talking about. So if you’re talking about Sauvegarde, the company still exists, but the capital structure is reorganized. It’s much more like every organization that is if you think about it.
Hopefully you can talk to her.
