Oil Execs Refuse to Join in Work Slowdown
Posted: Wednesday, March 13, 2002
Senior executives at Venezuela's state-owned oil company are refusing to join mid-level managers in a work slowdown to protest appointments to the company board of directors made by President Hugo Chavez.
The executives at Petroleos de Venezuela, say they prefer to work for a negotiated end to the dispute. Chavez critics say he made the five appointments to give him more control over company finances. Mary Lizaredo, a company vice-president, says the dissidents hope to avoid an all-out strike that could cripple Venezuela's strategic oil sector. MORE