State-run steel maker's losses may account for USD 580 million
Output capacity down by 50%
During a board of director meeting held in Caracas, the board reaffirmed to the authorities the need to inform all small partners and the country itself about the running of the steel maker. "Since 2008, when the Government took control of Sidor, the CVG (state-run company Corporación Venezolana de Guayana) has unilaterally managed the company without giving explanations about their management in areas such as accounting, finance, trade, environment, and labor. It has ignored our legitimate right to be informed and participate in decision making."
Acuña remarked that before making any use of the resources "an auditing must be conducted to inquire into the current situation of the company. It is also important to determine those responsible for its reported damages."
In his view, "when the Government took control of the company, its assets accounted for USD 3,400 million roughly. Today, Sidor's debt is over USD 900 million and its assets have plunged to the extent that the company's output capacity has shrunk by 50%. Its technological infrastructure has been destroyed."
Translated by Jhean Cabrera
As late as Tuesday, February 25, there was some visible response from Gabriela Ramírez's office. Representatives of the Office of the Ombudswoman would visit independent human rights watch groups to find what happened in connection with repression of protests. That day, they visited NGO Provea. The next day, they met with the attorneys of NGO Venezuelan Criminal Forum. They pursued specific data because -they argued- no claims of human rights violations of demonstrators had been filed with the Office of the Ombudswoman.