Tuesday, April 29, 2008

Government fails to sign Sidor collective contract, union threatens stoppage

Venezuela's steelworkers union Sutiss has threatened to halt works at steelmaker Sidor since the minister of Venezuela's ministry of basic industries and mining, Rodolfo Sanz, has not signed the collective contract with employees. 'We expected the minister to sign the contract today [Tuesday] but he called and said there are still some final details and finishing touches missing on the contract and that it has not been possible to sign,' Sidor board member Pedro Rondón told BNamericas. The union has given the government until midnight Tuesday, according to Rondón, who also represents Sidor's class B shareholders.

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