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Tandanor
Tandanor is an Argentine worker-owned shipyard. Founded on November 10, 1879, Tandanor was originally conceived for the maintenance of the Argentine naval fleet. In 1991 Tandanor was privatized under President Carlos Menem's privatization plan.Marion Welham, "Special Report on Argentina: Takeovers are only hope for shipyards," ''Lloyd's List International, Nov. 16, 1991. In 1999, after the main actionist declared bankruptcy, its workers bought out the shipyard. The economic crisis of 2001 and the following currency devaluation lowered the costs to competitive international values, which made the business again profitable."Beacon of hope that sparked Tandanor back to life," Lloyd's List International'', Aug. 30, 2006.
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Tandanor
