According to the reports sent to the commercial court number 2 of Alicante by the bankruptcy administrator of the Agricultural Cooperative of Altea, which started its insolvency procedures on February 13, 2020, and was declared bankrupt on February 11, 2021, the cooperative and its Villaranja subsidiary have debt amounting to 28 million euro, 4 million euro of which are owed to its 175 workers.
According to the labor loans lists, the cooperative has debts with 134 workers amounting to 2,691,647 euro, while Villaranja, the subsidiary that operated in Andalusia, owes 41 workers 1,310,000 euro.
It’s worth noting that the entity ceased its activity on February 13, 2020, and that it dismissed most of its workers a few days after. It had mor…
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