JBS to provide 650 summary dismissed workers with maxi compensation. Some more troubles coming from Lava Jato…

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JBS must pay 650,000 reals (slightly less than 170,000 euros) as compensation to refund 650 employees, summary dismissed in 2015, who were working in a slaughterhouse located in Mato Grosso. JBS, the Brazilian meat multinational corporation, is held accountable for a “public non-material damage” owing to the closure of the manufacturing plant. According to the daily Folha de Sao Paulo, “15 per cent of working population”, residing in the factory area, was relying on the slaughterhouse activity, which had been bought out by JBS two years before. According to the agreement signed with the Ministry of Labor of Mato Grosso, the whole amount, 650,000 reals, will be allocated for social projects. Yet, JBS’s troubles are not over. In fact, some more problems resulting from the big Lava Jato scandal are still affecting the group: CVM, the Brazilian Stock Exchange Commission, is bringing new charges (against some managers, including Wesley Batista) regarding the purchase of some derivatives, bought in US dollars. The purchase took place on May 5-17, that is, prior to disclosure of the cooperation between the group and court authorities. Last but not least, according to Reuters Brazilian Federal Police are allegedly conducting an inquiry into the modus operandi of JBS consultants in their aim to get, in 2016, tax credits reimbursement “rapidly”, so to speak. The company replies that they simply cashed in some due credits.

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