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STRIKE * Argentine - Truckers Union Blocks Ternium's Steel Factories For Fourth Day
Argentina’s largest steelmaker, had its plants blocked for the fourth consecutive day, by truck drivers protesting working conditions
(Video from YouTube, by c5n TV News -20 Aug 2010: For the fourth straight day unions block plants)
Buenos Aires,CF,Argentine -Bloomberg, by Bill Faries -Aug 20, 2010: ... The strike, which has blocked the entrance to the company’s Siderar SAIC plants since Aug. 17, is unlikely to impact earnings “unless it goes on for weeks,” Walter Chiarvesio, an analyst with Banco Santander, said in an interview yesterday... Truckers are demanding that Siderar improve the working conditions of contracted drivers for the protest to end, trucking union official Pablo Moyano said in an Aug. 18 interview... Siderar’s plants supply the country’s automobile industry, which has helped Argentina boost growth amid rising demand for cars in neighboring Brazil. Auto output rose 22 percent in July from a year earlier while exports climbed 25 percent over the same period... The labor ministry will organize a meeting between the company and the union today to try to end the protest... Ternium is part of the Techint Argentina SA group, which also controls companies such as Tenaris SA, the world’s largest producer of seamless steel pipes used by crude producers...
Labels: strikes and protests
posted by Unknown @ 12:20 PM
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