» Materials for March 2014 year


Russian investors flee ALSCON

Author: john on 19-03-2014, 02:03, views: 11 428

Expatriate management team of the Russian company, UC RUSAL, currently operating the Aluminum Smelter Company of Nigeria, ALSCON, were reported to have fled the multi-billion naira plant, leaving behind, an army of aggrieved indigenous workers who had earlier taken the company to an industrial court in Calabar over unpaid salary arrears.

This was confirmed to Nigerian Pilot during a telephone interview with the Chairman, Steel and Engineering Workers’ Union of Nigeria, ALSCON chapter, Comrade Sunny James.

James corroborated report from the Mboho community under the leadership of Obong Amete Ntak, which alleged that the Russians are fleeing because of the possible consequences of their acts of stripping the assets of the company in a manner that smacks of fraud and deliberate attempt to destroy the plants.

Category: News