VHeadline Venezuela News reports: A strike which has paralyzed the Venezuelan Guayana Corporation (CVG) aluminum processing subsidiary, CVG-Bauxilum for the last ten days has been lifted on undertakings from CVG president & CEO, Rodolfo Sanz to pay labor liabilities amounting to Bs.F 70 million (approximately $35 million) and to allocate a further Bs.F. 15 million ($7.5 million) for urgent technological investments required at the processing plant.In a report published in Saturday editions of the regional newspaper Correo del Coroni, reporter Kristy Spitschka writes that the CVG will honor a significant part of its labor liabilities after ten days of protest by workers at CVG-Bauxilum who have managed to get company executives to the negotiation table.
The strike as lifted late Friday after "material proposals" by the company for the prompt payment of outstanding debts and a pact signed between unions and management was declared valid.
Earlier on Friday. an 'Ad Hoc' Committee from the National Assembly (AN) in Caracas had communicated with Minister Rodolfo Sanz and managed to negotiate terms that require the CVG to pay Bs.F 85 billion ($42.5 billion) between October 24 and October 30 with resources from the sale of Bs.F 10 million in Certificates of Deposit, Bs.F 43 million ($21.5 million) from IRS/Seniat reimbursements and Bs.F 27 million ($23.5 million) from the sale of 300,000 tonnes of bauxite as authorized by the President of the Republic and from other alternative sources including Bs.F 5 million ($2.5 million) contributed by the CVG itself.
According to a CVG press release Bs.F 70 million (about $35 million) will go towards the payment of labor liabilities and $ 15 million will be used for technology investments.
Correo del Coroni reports that negotiations will begin next week on the provision of resources to honor CVG-Bauxilum commitments with suppliers, contractors and the remaining labor liabilities ... "the company has also agreed that the employees will not take retaliatory measures against workers who remain unemployed, unless it is determined that there has been any malicious action against the assets of the company, nor shall the company apply any discount for days not worked while unemployed."
The payment of labor liabilities work will be distributed evenly to staff at the CVG-Bauxilum Matanzas and Pijiguaos facilities, including retirees, pensioners and those hired in previous years who are currently active. National Assembly (AN) deputies Oscar Figuera, Victor Lopez, Pastora Medina have guaranteed that the new agreement between Mibam Minister Rodolfo Sanz and the workers/unions will responsibly comply with the AN subcommittee's assessment of the financial situation of the (Venezuelan) State.
Union leaders had thought that their industrial action at CVG-Bauxilum would be over in a matter of two or three days at most but CVG president Rodolfo Sanz' gag order only served to extend the dispute and continue the unions' fight inasmuch as the lock-down on information was deleterious not only to the workers but also to CVG-Bauxilum management.
Correo del Coroni says that the ten-day dispute will go down in history as the executive's "simple action of reluctance to accept the imminent destruction of a key industry in the national production of aluminum ... many employees say that Friday's agreement us just more of the same old executive excuses, while others argue that it is a good step forward!
VHeadline Venzuela News
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