The failure of the CEC Air France confirmed
This time, union officials of Air France have the heart net. A new audit of accounts of the central works council (CEC) of the company they were unveiled Thursday.
An initial audit, issued last January, already pointed "chronic budget deficits" and "the commitment of expenditure and by credit cards on which weigh uncertainties.
The new report was commissioned by the new management (Workers Power) and the CEC has been given to Mazars' advice on the management of Air France. The second ray of works, including Le Figaro has obtained a copy, is rather elliptical. The audit is "a lack of overall control of the financial part," the dispersal of accounting records and lack of centralized accounting documents, and a disruption in cash.The firm has found that CCE Air France held 108 bank accounts. Questioned on the subject by Le Figaro, Francois Cabrera, secretary general (CFDT) EAC until last November, says that these accounts were responsible for all camps.
Running out of cash
The report recommends Mazars elected to rebuild "the main stages of cash, customers and suppliers" to "able to produce accounts, of 2009, and further recordings in 2010.
Alongside the presentation of the audit, the elected union were able to obtain more precise information from members of Mazars on the accounts of the CEC.It appears that the EAC should be run out of cash at the end of summer and holiday offers should be canceled.
Of the 44 million subsidy paid by Air France for the year 2010, 10 were in fact already spent in 2009 due to a cash advance granted by the company. Ten million were disbursed in January and February. The CEC can certainly still count on 10 million of revenue related to a payment of solidarity of seafarers EC Company. But by the end of the year, it will have to pay 5 million for maintenance of its assets, 25 million for the operation of the seven-setting committees (EC) and the friendly sport and that 17 million to pay salaries of its 300 employees.In total, a hole of 13 million euros is expected later this year, without including 1 000 unpaid bills whose firm Mazars said Wednesday elected to Air France "does not know the amount."
No bankruptcy
Questioned on the subject, the former management of CEC rejects responsibility for such unpaid on the new team, ensuring that all invoices had been paid before departure.
The deficit forecasts in addition to over 15 million virtual hole from 2004 to 2009, offset by special payments of Air France and a payment of support works council (EC) for aircrew, which is autonomous. "We can not however say that the CEC is bankrupt because of his immense wealth" into perspective a part of Air France.
While unions are seeking to restore the institution afloat, the Financial Guard is continuing its preliminary investigation.A new search has taken place this week at the headquarters of the CEC.