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2 clusters · 14 sources · 31 days · First seen · Last updated
Falcondo labor benefit payments in Dominican Republic
Overview
The Dominican Republic’s Executive Power issued Decree 671-26 to authorize the payment of labor benefits to former workers and pensioners of Falconbridge Dominicana (Falcondo) through the Fondo Patrimonial de las Empresas Reformadas (Fonper).
Under this decree, the president of Fonper is granted special powers to manage these payments, which require individual verification. The mechanism allows the state to act as a subrogated creditor, enabling the recovery of advanced funds from Falcondo during its ongoing restructuring or judicial liquidation. The Restructuring and Liquidation Court of Santiago authorized this process so that former employees can receive dues without waiting for the conclusion of insolvency proceedings. Payments are contingent upon the Ministry of Labor determining and approving specific labor claims, with the court noting that Falcondo’s assets may be used to recover the state’s advanced funds.
Entities
Dominican Republic · Ministry of Labor · FOPETCONS · FONPER · FONCAP
Timeline
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The FENTICOMMC is opposing proposals to transform or eliminate the FOPETCONS pension fund in the Dominican Republic, calling for the protection of social security rights for construction workers.
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[BUSINESS] 10 sourcesFalcondo workers to receive labor benefits via Fonper
The Dominican Republic has authorized Fonper to advance labor benefit payments to former Falcondo workers and pensioners through a special decree and judicial authorization.
Sources
actualidadjuridica.doe.cl · bonaocity.com.do · dandoenelclavo.com · deultimominuto.net · diariocibao.com · diariolibre.com · dominicanaaldia.com · eldia.com.do · infoenn.com · lavidamarcha.com · lavozdelprm.org · n.com.do · precision.com.do · viphatomayor.com