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                    [ArticleID] => 147291
                    [Title] => Workers push for reopening  of NSC plant
                    [Summary] => Displaced workers of the National Steel Corp. (NSC) have   lamented    the delay in the reopening of the mothballed steel plant following the new decision of  creditor-banks to foreclosed NSC’s assets.


"The  foreclosure ordered by government is a sure-fire formula to try  down the assets of the NSC for at least one-year from actual foreclosure because of the one year  redemption period,"  Simplicio H. Villarta, National Steel Labor Union president said.


Foreclosure would in no way lead to the immediate reopening of the plant, he added.


                    [DatePublished] => 2002-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 139271
                    [Title] => NSC union hits plans of evaluation body
                    [Summary] => Displaced workers of National Steel Corp. (NSC) questioned yesterday plans of the evaluation committee (EC) to hold "closed-door consultations" with bidders who did not even make a lease price offer.


National Steel Labor Union-FFW (NASLU-FFW) president Simplicio H. Villarta Jr. said this is the only bidding where the terms of reference (TOR) were ignored, no clear parameters set, and only the so-called EC has an idea of what the "best offer" looks like.


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SIMPLICIO H

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                    [ArticleID] => 147291
                    [Title] => Workers push for reopening  of NSC plant
                    [Summary] => Displaced workers of the National Steel Corp. (NSC) have   lamented    the delay in the reopening of the mothballed steel plant following the new decision of  creditor-banks to foreclosed NSC’s assets.


"The  foreclosure ordered by government is a sure-fire formula to try  down the assets of the NSC for at least one-year from actual foreclosure because of the one year  redemption period,"  Simplicio H. Villarta, National Steel Labor Union president said.


Foreclosure would in no way lead to the immediate reopening of the plant, he added.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 139271
                    [Title] => NSC union hits plans of evaluation body
                    [Summary] => Displaced workers of National Steel Corp. (NSC) questioned yesterday plans of the evaluation committee (EC) to hold "closed-door consultations" with bidders who did not even make a lease price offer.


National Steel Labor Union-FFW (NASLU-FFW) president Simplicio H. Villarta Jr. said this is the only bidding where the terms of reference (TOR) were ignored, no clear parameters set, and only the so-called EC has an idea of what the "best offer" looks like.


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Workers push for reopening of NSC plant

By Marianne V. Go | January 16, 2002 - 12:00am

Displaced workers of the National Steel Corp. (NSC) have lamented the delay in the reopening of the mothballed steel plant following the new decision of creditor-banks to foreclosed NSC’s assets. "The...

Business

NSC union hits plans of evaluation body

November 7, 2001 - 12:00am

Displaced workers of National Steel Corp. (NSC) questioned yesterday plans of the evaluation committee (EC) to hold "closed-door consultations" with bidders who did not even make a lease price offer. National...

Business