Concessions broken: Ferrosur again asked for crisis prevention procedure

Ferrosur Roca requested for the second time the application of a preventive crisis procedure. The measure would allow him to reduce salaries, apply suspensions and dismiss staff with reduced compensations. The request, which occurs only months after the company received a further extension of its expired concession contract, exposes the weakness and limitations of the privatization scheme that the government intends to extend to the rest of the …