Govt spends $55,000 a month for payroll of Invetex
16 Aug '06
1 min read
Venezuelan Endogenous Textile Industry (Invetex) needs around US $59,000 for the payroll. From this amount, Hugo Chávez' Government bears $55,000 and minority partners contribute $3.725 per month for security purpose of three plants.
Everyday 256 workers have been gathering in the company's compound, and waiting for resumption of the facility.
Invetex will be opened only when Government, which holds 51 percent stake, and private owners (Mishkins) reach an agreement to operate textile compound.
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