Selon la Commission, le coût hypothétique de liquidation de la SNCM, auquel devait être comparé le coût de la recapitalisation, se limitait au coût des indemnités complémentaires de licenciement, allant au-delà des strictes obligations légales et conventionnelles, qui seraient nécessairement versées aux salariés.
According to the Commission, the hypothetical cost of the liquidation of SNCM, with which the cost of recapitalisation had to be compared, was limited to the cost of additional redundancy payments, going beyond the strict legal and contractual obligations, which would have had to have been paid to employees.