Government authorizes FONPER to manage severance payments to FALCONDO workers
The Executive Branch has issued Decree 671-26, through which special power is granted to the president of the Patrimonial Fund of Reformed Enterprises (FONPER) to proceed with the payment of outstanding labor benefits for laid-off workers of the company FALCONDO. This measure seeks to provide a solution to the affected collaborators, provided that their economic rights are duly individualized, verified, and recognized under the established legal parameters.
Scope of the provision
The regulations not only contemplate the payment of labor benefits, but also empower the head of FONPER to manage settlement agreements intended for the pensioners of the mining entity. To guarantee the transparency and legality of the process, the official has the following powers:
- Subscription and receipt of payment vouchers and discharge receipts.
- Formalization of subrogation acts and other necessary legal documents.
- Representation of the Dominican State in the debt recovery process.
- Intervention in the judicial restructuring or liquidation processes of FALCONDO.
The decree specifies that the power granted does not generate any right to demand such payments directly from the Dominican State or FONPER, but rather that these must be made in accordance with the established conditions and the corresponding availability.
With this action, the State seeks to protect the rights of the workers, assuming the role of subrogated creditor after making the corresponding payments. It is important to highlight that the funds allocated for these operations will come directly from the assets of FONPER, acting always on behalf of the Dominican Government to ensure that the resources are channeled efficiently to the former workers and pensioners of FALCONDO.
