ESPACIO PUBLICITARIO
CARACAS, Tuesday August 19, 2008 | Update
 
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Economy
GM has no date to resume operations; Ford plans to halt production
Pro-government trade unions in GM denied claims that they are sabotaging operations (Photo: AFP)
  EL UNIVERSAL
Tuesday August 19, 2008  11:02 AM

The automotive sector has an uphill road to climb due to delays caused by the Venezuelan Foreign Exchange Administration Commision (Cadivi) and trade union protests in recent months.

The time of labor conflicts has come for General Motors. The world's largest automaker asked workers not to show up to work on Monday, after the company found that a group of representatives of trade union Socialistas Vencedores (Socialist Winners), who have been protesting at the gates of the assembly plant located in Valencia, central Venezuela, were armed.

The carmaker company has also said that members of the trade union have sabotaged the processes and products of GM. However, Adam Tortolero, the secretary general trade union Socialistas Vencedores, has rejected the claims. 

"We will continue the strike according to law. We have not caused any damage to the company. We just want a fair pay," said the union representative.

Meanwhile, Ford Motor Co. sources said that the top officers of the plant are planning to halt operations for three weeks. They have mentioned, tentatively, that the shutdown would start on September 1.

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Oil Scenario


Oil exports to China in 2015 are to match current oil shipments to the US
Oil exports to China in 2015 are to match current oil shipments to the US

HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.

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