SoLocal (ex-Yellow Pages) requests the support of the public authorities in order to “guarantee its independence”

by bold-lichterman

The inter-union (FA, CFDT, CFE-CGC, CFTC, CGT, FO), SoLocal, ex-Yellow Pages, asks Tuesday ” support from public authorities ” in order to overcome the impact of the crisis and ” guarantee its independence ” in an open letter to Bruno Le Maire. ” The CSE and the 3,500 SoLocal employees are turning to you to ask for the support of the public authorities in order to enable our company to overcome this difficult moment and to guarantee its independence ”, declares the intersyndicale in this letter.

“It would be inconceivable that the data of the 400,000 SMEs and TPE customers of SoLocal, which attracts the envy of the digital giants, no longer be owned by a French company”, she believes. The unions are asking “The organization of a round table with all the stakeholders, State, creditors, shareholders, new investors and court administrators” so that ” everyone can commit to employment in the future ”. They also ask that the granting of a loan guaranteed by the State ” either conditional on an abandonment of the debt or at least of a significant part and on the injection of equity capital allowing the development of this company, essential link of the French economy and last bulwark against the GAFAM in this sector “.

The CEO of SoLocal, Eric Boustouller, asked “ emergency “a loan of 80 to 100 million euros” of the State to pass the brutal air gap caused by the Covid-19 crisis. This crisis caused the company to lose 140 million euros in turnover over two and a half months, according to Mr. Boustouller. The general manager explains that the establishment is failing to obtain the state guaranteed loan (PGE) for the Covid-19 from the banks. The company is therefore asking for a loan from the Economic and Social Development Fund (FDES), which grants loans to companies in difficulty.