Venezuela's aluminum industry operates at 29% of capacity
Aluminum makers Venalum and Alcasa operate hardly with two production lines
The current number of operative cells slightly represents two out of seven production lines.
The operating problems are due to unsolved shortages of spare parts and raw material. Moreover, nearly 40% of personnel is absent amid poor transportation. In CVG Alcasa, low availability of cranes is accountable for production decline.
Henry Arias, the secretary general of the Trade Union of Venezuela's aluminum company CVG Alcasa (Sintralcasa) recently denounced that 15 executives of the industry were given a rise (109%) although there have been no adjustments in the salaries of 3,000 workers who have been hit by the delayed renewal of their contracts and the loss of benefits.
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.