State-owned companies
Fontaine details four challenges for Codelco in video to workers
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Bernardo Fontaine, the new chairman of Codelco's board, sent a video to workers outlining the company's main objectives. The message comes after an audit detected irregularities in copper production data.
The Empresa Brasil de Comunicação (EBC) approved a new Career and Remuneration Plan last week, demanded by workers for over ten years. The plan was validated by the Secretariat of Coordination and Governance of State-Owned Companies (Sest) and includes updated salary tables and mechanisms to correct inequalities.
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The general assembly of the Egyptian Iron and Steel Company approved on September 22 an extension of the liquidation period for a fifth year starting January 2025, amid protests from individual shareholders. Minority shareholders accuse the liquidation committee of stalling and concealing information on asset sales at undervalued prices, pointing to corruption in the process. Despite aims to halt losses, only 46 percent of non-land assets have been sold so far.