Argentina's Kirchner Rebuffs Investor Demands to Quell Violence ug. 27 (Bloomberg) -- When more than 200
telephone-union workers forced their way into
Telefonica SA's call center in Buenos Aires on
Aug. 9, manager Humberto Pato Vinuesa stopped
work and sent the 1,700 employees home.
Local police didn't respond to requests to oust the
intruders, who stayed for 30 hours, says Pato
Vinuesa, 38.
``The police had no interest in dealing with the
problem,'' he says. The two-day shutdown cost
Atento SA, a unit of Madrid- based Telefonica,
$100,000 in lost revenue and may lead the company
to cancel plans to hire 650 new employees,
according to Pato Vinuesa.
Argentine President Nestor Kirchner, 54, says he
won't use police to control demonstrations that clog
the capital's streets most weekdays or order them
to employ force to quell violent protests against
international companies such as McDonald's Corp.
and Repsol-YPF SA. The violence is deterring
investment in Latin America's third-largest
economy, says Boris Segura, a fund manager at
Standish Mellon Asset Management in Boston.
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