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Jan 5, 2012

Port assets won’t be liquidated

Arturo Vasquez

Of equal interest is a collective bargaining agreement between the management of PBL and the stevedores who form the membership of the Christian Workers Union.  According to Vasquez, the terms of that agreement remain intact and assurances were made that all concerned parties including the CWU will be part of any negotiation that involves the association.  Moreover, Vasquez affirmed that liquidation of the company since being moved into receivership is not an option being considered.

Arturo Vasquez, Receiver, Port of Belize

“The second group we spoke to this morning was the worker’s union—all the representatives—and I think they walked away from the meeting assured that there is no change; at least not now. I assured them that we don’t want to make any major changes right now. There is no assurance forever that there will be no changes. I also assured them that the discussions that they have been having with management in regards to that collective bargaining agreement; that will continue the minute we can get back to that. I made it clear to them that the discussion is not only with me, but with the same management team that they have been having it before because it has to continue the way it has been before. I cannot make any assurance for them right now but of course that has to continue. I’ve had experiences before with unions whereby that bargaining agreement has to be addresses. The importance of having the stevedores on board with you is very important as well as all the remained of the staff. As you all know it si the staff that makes the company but I think they walked away being assured that those are the points that we covered.”

Jules Vasquez, 7News

“We know that sometimes when companies are in receivership, the next step is liquidation.”

Arturo Vasquez

“In this cause, I don’t think that is one of the options at all—this is a national port so that is obviously where we are looking at all right now.”

Jules Vasquez

“So it has to be maintained as a growing concern?”

Arturo Vasquez

“It has to be maintained as a growing concern. That is exactly what we‘re doing.”

Up to news time, the Port remains under police guard and Espat nor his attorneys have been back.

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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