Chavez signs the decree to expropiate CNV

27 April 2005

After two long years of struggle at long last the expropriation of the CNV was put into practice. The CNV had been taken over by the workers throughout this time.

The Constructora Nacional de Valvulas is a factory which was owned by the coup plotter Andres Sosa Pietri, a former president of PDVSA. After the coup he refused to restart the operations and the workers decided to take over the installations.

Jorge Paredes, one of the main leaders of the factory said: "this is a new experience for the workers, a new model of development which will be at the service of the workers and the community. This process of co-management that we now start must be taken to other companies and other workers."

The company at one point supplied 22% of the national market for valves. It is calculated that this year PDVSA has to invest 148 million Bolivars in valves.

The workers estimate that in three months they will have the company ready to start producing. 

See also:

 

After two long years of struggle at long last the expropriation of the CNV was put into practice. The CNV had been taken over by the workers throughout this time.

The Constructora Nacional de Valvulas is a factory which was owned by the coup plotter Andres Sosa Pietri, a former president of PDVSA. After the coup he refused to restart the operations and the workers decided to take over the installations.

Jorge Paredes, one of the main leaders of the factory said: "this is a new experience for the workers, a new model of development which will be at the service of the workers and the community. This process of co-management that we now start must be taken to other companies and other workers."

The company at one point supplied 22% of the national market for valves. It is calculated that this year PDVSA has to invest 148 million Bolivars in valves.

The workers estimate that in three months they will have the company ready to start producing. 

See also: