Nativa Horizontal Future Project
i. Findings - Security Personnel
☐ Based on the above, the Board decided to terminate the labor relationship with each one of these twelve
employees and negotiated an agreement before an Alternative Dispute Resolution Center, in order to
avoid future claims regarding their employment rights, overtime or other benefits.
☐ These agreements clearly stated the amounts being paid for overtime and they covered the entire
relationship with each employee, since their initial hiring date.
☐ To define the contingency, the Board decided to calculate the employees' base salary as if it was
equivalent to the minimum wage that was on force each year, and to calculate the overtime based on
such minimum wage. That way the contingency decreased to about $180,100,882.53 (around
US$291,000 based on the current exchange rate).
☐ On September 30th 2020, the employees were dismissed without cause, and on October 1st, NATIVA signed
a termination agreement with each one of the them.
□ The amounts finally paid to employees were for a total of $45,800,000 (around US$74,000 based on the
current exchange rate), plus the cost of the RAC Center and legal fees.
☐ Also, a new security company was hired, in order to provide such services with a higher standard.
EY LawView entire presentation