News Milk
Group of exiters Milcobel wins case about deposit
A group of 57 former members of Milcobel is entitled to a prompt payment of their so-called divorce share, in other words: their registered share. This has been determined by the company court in Dendermonde. Nevertheless, Milcobel does not have to make a repayment yet.
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At least Milcobel communicated this in a mailing to its own members. An appeal procedure on the same case is still ongoing, on which a decision is expected at a later date.
Only the first group is right
The ruling in favor of the 57 resigned members only applies to those who canceled their membership in March and April 2021. This does not apply to members who canceled in the following months. This is because the general meeting had already decided on an amendment to the articles of association.
Later cancellations will simply receive their divorce share back over a period of 5 years. The payment to the first group of dropouts involves an estimated amount of €2,4 million, according to the court documents.
Loyalty bonus
The 57 dropouts are not right on all points. They had also demanded equal treatment with regard to the fidelity premium. Milcobel decided last spring that loyal members would be paid 30 cents per 100 liters of milk more than those who signed up. The latter also had to pass up an end-of-year bonus of €1,70 per 100 liters.