Through a statement, Montecon indicates that on Tuesday, May 10, it informed the Ministry of Transport and Public Works of its decision to send a maximum of 120 workers to unemployment insurance for a period of up to 90 days.
Likewise, the company also informed the Secretary of State that the insured wages will be reduced to 15 as of June 1 next.
The port operator states that the determination to send the workers to unemployment insurance and to reduce the insured wages “is a direct consequence of the decision of the authorities to limit the operation of Montecon by decree and annul its ability to compete freely, which It has generated a very important drop in volume in the company’s activity”.
In any case, the port operator assures that to the extent that the free competition regime is restored in the port of Montevideo, “Montecon will be able to recover the volume of its operations and will be in a position to normalize the situation with its employees.”
If this does not happen within 90 days, “Montecon must, unfortunately, continue with the timely announced employee termination plan,” says the firm.