Monday, May 12, 2008

President Hugo Chavez Frias names Mining Minister Rodolfo Sanz as president of newly-nationalized SIDOR Steel

President Hugo Chavez has formally signed a Decree to nationalize Siderurgica del Orinoco (SIDOR) -- the giant Venezuelan steel corporation -- and to take full control of the largest corporative entity in Venezuela's heavy industry sector. He has also appointed Basic Industries & Mining (Mibam) Minister Rodolfo Sanz as Sidor's new executive president saying "Today is certainly an historical day, a day of popular victory for the workers ... the workers themselves must now choose a vice president to work alongside Rodolfo Sanz as Sidor's new president."

Chavez said that a transition commission will be created from members of his own executive to work together with steel industry employees -- "The transition commission will have workers elected by the working classes -- I have appointed Labor Minister Roberto Hernandez and Light Industry & Commerce Minister William Contreras as well as General Jose Gregorio Montilla Pantoja to set about the total recovery of the steel corporation and during that transition period there will be a firing freeze in force as added security for the workforce."

"The new decree will allow the central government to re-organize the country's mining and steel sectors as a function of this socialist project," Chavez told a nationally televized audience. "By June 30, SIDOR will have been completely transferred to state ownership."
  • On April 30 last, President Chavez had decreed the nationalization of SIDOR which was 60% controlled by Ternium SA which is in turn owned by Italian-Argentinian Techint.
The Venezuelan Head of State has called on Sidor employees to their full voluntary efforts into the recovery of various (previously neglected) areas of the corporation and to make Sidor the best steel corporation in the world. "This is an historic day for the workers, for Guayana!" (the under-developed industrial region of southeastern Venezuela).

Turning to newly-apploited Sidor president Rodolfo Sanz, Chavez asked him to give priority to creating a mechanism of stimulus so that the industry's best workers would achieve a unity of workers and begin at home and abroad to prepare to be the pioneers of Venezuela's new steel industry.
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1 comment:

  1. AnonymousMay 13, 2008 at 12:17 PM

    Stop using the word nationalize, this national patrimony has always been NATIONAL or under the State sovereign power possesion.

    As we speak freely, the Venezuela's State is RECOVERING institutions and resources that have been found on the wrong hands or on the hands of strangers.

    This resource belong to the Venezuela's State and its citizen and as Venezuelan's we can make decisions on its usage in any way or form, we can choose, watch, evaluate and terminate foreign investment, build airplanes, engines, cars, ships, home appliances, new technologies, new forms of energy,or anything we can think or make of it, just like foreign Empires have done so, and as free, self-suficient and selfdetermined nation, foreign Empires or local wealthy elite can't neither control and manipulate these resources nor the rights and opportunities for the success, developement and defense of all Venezuelans

    We have seen how plans, proyects and opportunities in breakthrough
    technological achievements have been stopped, attacked, shattered or destroyed by foreign Empires and local Elites for the only purpose of keeping or preserving in an irrational way, their kingdom of supremacy and Imperial power around the world.

    Meaning of IMPERIALISM
    ".. the forceful extension of a nation's authority by territorial conquest establishing economic and political domination of other nations. In its second meaning the term describes the imperialistic attitude of superiority, subordination and dominion over foreign peoples"
    Go To:
    http://en.wikipedia.org/wiki/Imperialism

    Meaning of SOVEREIGNITY
    "..Sovereignty is the exclusive right to have control over an area of governance, people, or oneself. A sovereign is the supreme lawmaking authority."
    Go To:
    http://en.wikipedia.org/wiki/Sovereignity

    Meaning of EMPIRE
    ".. denoting military command within the ancient Roman government) is a state that extends dominion over populations distinct culturally and ethnically from the culture/ethnicity at the center of power."
    Go To:
    http://en.wikipedia.org/wiki/Empire

    Meaning of ELITE
    "..élite is a relatively small dominant group within a large society, which enjoys a privileged status envied by individuals of lower social status.
    The position of an elite at the top of the social strata almost invariably puts it in a position of leadership and often subjects the holders of elite status to pressure to maintain their position as part of the elite. However, in spite of the pressures, the existence of the elite social stratum is usually unchanged."
    Go To:
    http://en.wikipedia.org/wiki/Elite

    ReplyDelete

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