Thursday, November 20, 2008

Manufacturers of components want financial support and a year without pay Social Security

The chairman of the Association of Automotive Industry Suppliers (Afia) advanced to the TSF that will ask at the meeting on Friday with Minister of Economy, financial aid for the sector and a one-year moratorium on payment of debts to Social SecurityPedro Valente de Almeida said that in the meeting that Manuel Pinho will be representatives of several cars to debate the future of the industry, at a time of crisis, will insist on the application for financial assistance, despite the Executive has already rejected this hypothesis.

"We need financial support or at least a guarantee that enables the industry to remain at all costs it has' to face, especially to amortize investments, he said.

Among the proposals to aid the sector, Afia proposes a freeze on payments to Social Security for 'a year' and that this is not impossible to appeal to the business' bank financing.

However, he added, the freeze should not be done "in a general way", for which access to the moratorium, companies' must submit a business plan "showing that, after this period, ~ will be 'good taxpayers'.

No comments: