GEORGE BANK
In June this year the company Catis jewelery closed its doors. It was the end of a project with 55 years of history could not overcome the stake of the present crisis nor the debts accumulated by past management.
But the situation could be very different if it had succeeded the improvement plan drafted in 2007 and which provided revive the company after the vicissitudes suffered from the crisis of 2000.
A year earlier had made a significant investment to move production. The sale of the former headquarters forced to find a new place and in 2006 launched a new solar Catis at the site of 4,825 meters square with a two-story vessel was equipped with the latest technology emerged Aguinagalde Industries. It was a joint investment of 1,604,000 euros. It was a risky but necessary to be adopted in times of Antoni Montserrat, but that after his death, culminating Xavier Borbolla.
The company had two years of benefits. In 2004, positive results were achieved 1.5 million euros. In 2005 the accounts showed a minimal gain, but the numbers were still green. Against this background the action plan of 2007 provided, first, repay outstanding debt to the public. Among Fogasa, Finance and Social Security, the jewelery was 1,349,000 euros as had not paid 365,500 in recent months. Extensions
jewelery The management had a deferment of payments went from 2005 to 2009 and had begun negotiations for a new extension that ran from 2007 to 2011. The ultimate goal, the company said, was to get a further postponement or even cancellation of debt.
address the issue of creditors was only one of the cornerstones of the solution to Catis. Also developed measures to control costs and restructured production. The new machinery should optimize space and improve employee performance. But
a great opportunity could be seen in new technologies. Considerable efforts were made in the marketing of products. They wanted to promote the Internet as a new sales channel and exhibition catalogs. Also gave new impetus to the expansion into new markets. But the crisis was beginning to appear. Stiff competition from Asia bill prevented the same level as previous years. The orders were declining until the situation became untenable.
Workers at the company were kept loyal to it that led them to be five months without pay. At the end of an ERE was processed in the month of May this year for all staff who could receive money owed by the intervention of Fogasa.
CATI The former headquarters at the time was considered a model for the industries of the island The company emerged in 1954 from the union of Mike Carter and Rafael Timoner had a spectacular takeoff. In six years and was over 80 employees and in their heyday touched 160. They have to add many partners working from outside the company.
Catis offered some innovative features for its time as a bar, theater, cinema, sports courts inside the facility, commissary, medical and other benefits to workers during the holidays.
Since unions is considered that the Carter administration and Timoner was "paternalistic" in the best sense of the word and therefore not entered in the company to defend the workers until Josep Maria Drudis bought it in 1999.
CATI accounts reflect that throughout the century just closed two years into a positive. In 2004, under the management of Antoni Montserrat, made a profit of 1.5 billion euros. The following year, by a few thousand, but the balance was favorable. Montserrat died in 2006 and began a decline in accounts which are no longer Catis recovered. That year he lost almost 100,000 euros. The data for 2007, 2008, and half , 2009 forced the closure of the factory. Although
were worse in the years before the arrival of Montserrat. In 2000 the accounts showed a loss of over one million euros. In 2001 the red marking around 200,000 euros and the next year stood at around 450,000 euros. 2003 marked a balance of less than 300,000 euros.
