Voyager believers defend themselves against the plan of the bankrupt company to reward important employees
Voyager believers defend themselves against the plan of the bankrupt company to reward important employees
- The lender did not take any measures to reduce personnel, the creditor committee said with
- There is no evidence that "key" employees would terminate, they added
The creditors of the bankruptcy voyager do not want the lender to pay the employee holding premiums and argue that the company has not given any reasons why payments are required.
You also addressed problems with the fact that Voyager did not make any efforts to reduce his staff, while other companies such as Coinbase, Bitpanda, Blockfi and Blockchain.com have released about 20 %, a Submission shown on Friday. Even after opening the insolvency proceedings, Voyager still has 350 employees on the salary list.
"The aforementioned companies continue to work in the normal course of business, while the debtors [Voyager] has been frozen in the past seven weeks essentially without or with minimal operation," wrote lawyers who represented the committee.
Your objection comes about three weeks after Voyager A submitted As part of this program, Voyager described 38 employees due to "valuable institutional knowledge", the rapid replacement of which would be expensive, as vital for the company. According to the application, they would carry out bookkeeping, cash and digital asset management, IT infrastructure, law, human resources and other functions for the company.
But the creditor committee is not convinced that the 38 key employees need holding premiums, since Voyager has not provided evidence that they could cancel. In addition, only 12 employees have given voluntary termination since the bankruptcy registration, they pointed out.
"This lack of fluctuation is due to the current labor market in the field of cryptocurrencies, which can be attributed to the industrial widths mentioned above," they said.
A Voyager spokesman did not immediately answer the request from Blockworks for comment.
The committee argues that the work at Voyager is now only limited to routine maintenance and updates. You believe that these can be carried out by the current employee base as long as the fluctuation rate is low.
"Firstly, the labor market is relatively sterile in view of the downturn in the cryptocurrency industry," said the creditors. "Secondly, in view of the recent cuts and layoffs in the entire industry, a crowd of recently dismissed specialists could occupy their roles.
A trial on the application is scheduled to take place on August 24th at 10:00 a.m.
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The post-voyager believer appeal against the plan of the bankrupt company to reward key personnel is not a financial advice.
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