|
COPYRIGHT 2001 The Miami Herald
Byline: Jane Bussey
Mar. 15--Five years ago, the Miami telecommunications construction company MasTec spent nearly $40 million to acquire Telefonica de Espana's telephone construction subsidiary in Spain.
What remains of that international deal is enmeshed in angry worker protests and a sea of lawsuits.
The Spanish company, Sintel, is in bankruptcy proceedings, while hundreds of its workers stage daily sit-ins and protests over layoffs in downtown Madrid, pressing authorities for a full accounting.
Spain's Office of the Anticorruption Prosecutor has launched an investigation into union allegations of fraud surrounding the April 1996 sale to MasTec.
Last month, MasTec, which divested most of its Sintel shares in 1998, sued Sintel's new owners in a Delaware...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
