For 38 Bio-On workers, the extraordinary redundancy fund and the back wages relating to December and January arrive.
The company, which filed for bankruptcy last December 20, has concluded the agreement for recourse to the Extraordinary Redundancy Fund (Cigs) due to a company crisis. The curators Antonio Gaiani and Luca Mandrioli announce it. The application for the Cigs which will soon be presented to the Ministry of Labor "will concern 38 workers for a duration of twelve months starting from 22 January, with possible reduction of hours or suspension to zero hours per week", reads a note.
Not only. After "the disbursement of new finance by the Emilbanca credit institution, the salaries of employees accrued during the provisional year" of Bio-on will be paid in the next few days, Gaiani and Mandrioli report. In detail, these are dues "relating to a portion of the salaries for the month of December 2019 (period 20 December 2019 - 31 December 2019) and an advance in the amount of 80% of the salaries due for the month of January 2020, in addition to the personal income tax adjustment 2019″.
Bio-On, the former Aim unicorn, has seen its top management wiped out in the wake of an investigation opened by the Bologna prosecutor's office on charges of false corporate communications and market manipulation.
On the Stock Exchange, in 2018 Bio-On had exceeded one billion in capitalization and on 23 July 2019 it was sailing at 55,3 euros per share, a far cry from the listing price set in 2014 at 5 euros. From the following day, the fate of the company changed radically following the attacks by the American fund Quintessential which started the investigation and led to the end of Bio-On's stock market trajectory, which was definitively suspended from trading on 23 October.
