Alcasa Explained

C.V.G. Aluminio del Caroní S.A., known as Alcasa, is a state-owned aluminium producer in Venezuela. Founded in 1960, it began operations in 1967.^[1] It is part of the Corporación Venezolana de Guayana mining company, and one of the world's largest aluminium producers. In 1999, it had around 9000 employees.

The Venezuelan government had sought to privatize Alcasa in 1998,^[2] but the investors pulled out citing world market conditions.^[3]

In 2005, the BBC reported that Alcasa had instituted a "co-management" initiative, with workers electing managers and participating in the budgeting process, as well as being involved in decisions on technical issues related to production.^[4] The experience was evaluated negatively by President Nicolás Maduro in 2013: "The model of worker control failed in Guayana, it never existed; neither control nor worker."^[5]

External links

Alcasa

Notes and References

Alcasa, History of CVG Alcasa
Financial Times, 10 July 1998, "COMPANIES & FINANCE: THE AMERICAS: Aluminium sale priced at low end, Caracas admits: NEWS DIGEST"
Raymond Colitt, Financial Times, 2 November 1999, "COMMODITIES & AGRICULTURE: Venezuela in fresh approach to aluminium privatisation : After many setbacks the government wants to sell the industry in several blocks with different strategies"
Web site: Iain Bruce . Business | Chavez calls for democracy at work . BBC News . 2005-08-17 . 2010-08-16. https://web.archive.org/web/20100712141324/http://news.bbc.co.uk/2/hi/business/4155936.stm. 12 July 2010 . live.
Web site: Maduro: El control obrero nunca existió. 2017-03-10 . 2013-05-22. El Mundo Economía y Negocios . Spanish . https://web.archive.org/web/20170312072541/http://www.elmundo.com.ve/noticias/economia/laboral/maduro--el-control-obrero-nunca-existio.aspx. 2017-03-12. dead .