Uruguay: An electrical transformer manufacturer named MAK S.A. in Montevideo; financial difficulties for this company around September 1999; whether an executing judge attempted to take possession of assets and close the company, but was unable to do so due to an occupation of the factory by employees
| Publisher | Canada: Immigration and Refugee Board of Canada |
| Author | Research Directorate, Immigration and Refugee Board, Canada |
| Publication Date | 2 July 2002 |
| Citation / Document Symbol | URY38854.E |
| Reference | 2 |
| Cite as | Canada: Immigration and Refugee Board of Canada, Uruguay: An electrical transformer manufacturer named MAK S.A. in Montevideo; financial difficulties for this company around September 1999; whether an executing judge attempted to take possession of assets and close the company, but was unable to do so due to an occupation of the factory by employees, 2 July 2002, URY38854.E, available at: https://www.refworld.org/docid/3df4bec014.html [accessed 17 September 2023] |
| Disclaimer | This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States. |
According to an article in Uruguay en la Coyuntura, a newsletter published by the Uruguay Independent Centre (Centro Uruguay Independiente), financial pressures caused by banking debts in excess of $5 million forced the closing of MAK S.A., an electrical transformer manufacturer and main supplier for UTE and several other foreign companies, in October 1999 (22 Oct. 1999). The government of Uruguay decreed the extension of unemployment insurance benefits to former employees of MAK S.A. for a period of 12 additional months in January 2001 (Republica Oriental del Uruguay 7 Feb. 2001). At the same time, the Ministry of Work and Social Security agreed to communicate with the Social Security Bank for an approval of the extension period for MAK S.A. employees, and agreed to consider this extension in light of the possibility that the company may reverse its situation, which would allow it to be a source of revenue for its employees (ibid.).
No information on the current status of MAK S.A., on an attempt to take possession of the assets nor on an employee take-over of the factory could be found among sources consulted by the Research Directorate within time constraints.
This Response was prepared after researching publicly accessible information currently available to the Research Directorate within time constraints. This Response is not, and does not purport to be, conclusive as to the merit of any particular claim to refugee status or asylum. Please find below the list of additional sources consulted in researching this Information Request.
References
Centro Uruguay Independiente (CUI), Montevideo. 2 1999. Uruguay en la Coyuntura. "Economia."
Republica Oriental del Uruguay. 7 February 2001. "Decreto 42/001."
Additional Sources Consulted
IRB Databases.
Latin American Regional Reports: Southern Cone Report [London]. 1993-2002.
Latin American Weekly Report (LAWR) [London]. 1995-2002.
Latinamerica Press [Lima]. 1992-2002.
Internet sites, including:
Amnesty International.
BBC Mundo.
Brecha [Montevideo].
Clarín [Buenos Aires].
Comisión Interamericana de Derechos Humanos.
Country Reports. 2001-2002.
Human Rights Watch.
La Nación [Buenos Aires].
El Observador [Montevideo].
El Pais [Montevideo].
SERPAJ - Uruguay.
Social Watch [Montevideo].