Tsakos closed its shipyard, but will maintain other investments in Uruguay

Tsakos closed its shipyard, but will maintain other investments in Uruguay

The company Tsakos, which announced the closure of the traditional shipyard Tsakos Naval Industriesassured that it will maintain other investments in the Uruguay in other areas of the country’s economy; On the other hand, they assured that they will close the business without debts with their workers and they will be responsible for fulfilling all their obligations.

Last week the Greek company announced the closure of the legendary shipyard Tsakos Naval Industries. However, company sources informed Ambit that will continue to have investments in other areas of the country’s economy.

Among the investments that will still continue in the countries are those related to renewable energy, agro-forestation, and real estate. On the other hand, they stressed that they will continue with the cultural activities of the MaríaTsakos Foundation.

The causes of closure

In December 2022, Tsakos made the news for a serious incident on the Greek company’s floating dock: two cranes collapsed and caused damage not only to the infrastructure but also to three ships that were undergoing repairs. At that time, the strong economic impact It was already anticipated, and it was known that the revival and start-up of operations would take a long time.

According to the official story, the decision is not sudden: since the incident, and given the need and commitment to find a new floating dock to resume activity, they inspected facilities in various parts of the world, such as United States, Cuba, Indonesia, China, Italy, Korea and Singapore, among others. Some did not meet the required technical conditions and others were withdrawn from the market by their owners.

For Tsakos, they were months of talks, to bid and evaluate costs, but they were unable to access a floating dock that would allow them to continue operating.

“After having exhausted all the options that were on the table and despite the great support received from the Uruguayan government and the best disposition of all our staff, Tsakos Naval Industries has been forced to make the sad decision to close its operations in the country,” they reported.

In any case, given the union and labor concern over the loss of 200 jobs – some on a seasonal basis, as is the case of the president of the PIT-CNT, Marcelo Abdala—, The Greek company assured that they do not have any debt and that they will properly comply with each and every one of their obligations to the staff.

He Executive committee of the National Union of Metal Workers and Related Branches (Untmra)for its part, urged the political system and public authorities “to contribute with the necessary solutions for the work of Uruguayans,” and pointed out that the port “needs a dock, because it gives added value to the country.”

Source: Ambito

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