Bolivian Gov't Authorizes Workers to Take Over Closed/Abandoned FirmsQuicklink submitted by Meryl Ann Butler Permalink
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|President Evo Morales issued a government decree on Oct. 7 which allows workers to establish "social enterprises" in businesses that are bankrupt, winding up, or unjustifiably closed or abandoned. These enterprises, while private, will be operated by the workers and qualify for government assistance. In his remarks to the audience of several hundred union members and leaders, President Morales noted that employers often attempt to blackmail workers with threats to shut down when faced with demands for higher wages. "Now, if they threaten you in that way, the firm may as well go bankrupt or close, because you will become the owners. They will be new social enterprises," he said.|
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