Salaries of Vinto and Colquiri executives cut by up to 28.5%

The government ordered a reduction in the salaries of the executive staff at Empresa Minera Colquiri and Empresa Metalúrgica de Vinto in percentages ranging from 15.8% to 28.5% austerity policy and to guarantee the financial sustainability of the state-owned companies. Colquiri’s main problem is its debt to suppliers. Outstanding obligations exceed 43 million dollars.

Source: Página Siete