[Exclusive]””””Let’s save the company first”””” Homeple union accepts ”restructuring” for the first time. Court likely to extend rehabilitation plan

The court had previously extended the deadline for submitting the Homeplus rehabilitation plan five times. Under current law, approval of the rehabilitation plan must be obtained within one year from the start date of rehabilitation procedures. If there are special circumstances, an additional extension of 6 months is possible. Since Homeplus began rehabilitation procedures on March 4, the liquidation decision can physically be postponed until September of next year.

But

M&A

You can’t just waste time trying to make it happen. This is because Homeplus’ financial difficulties are rapidly worsening. Homeplus entered into an emergency survival management system last September and pushed for additional store closures and unpaid leave for those who wish to do so, but it is known that sales have decreased by about 20% compared to the previous year and that the company is making billions of won in losses every month. Accordingly, Homeplus management notified December salary installments through an in-house notice on the 16th. Regarding the reason for paying monthly salary in installments, the management explained, “The company’s financial capacity has reached its limit as normalization of transaction conditions and recovery of delivery volume have been delayed, and even the sales process has not shown any progress.”

https://n.news.naver.com/mnews/article/008/0005296433