They are still raking in profits primarily through the blood and sweat of workers and peasants, who are now doubly exploited through contractualization and the rampant aryendo or leaseback scheme.
FOR IMMEDIATE RELEASE: NOVEMBER 1, 2015
Reference: GI ESTRADA, Media Officer, 0916.6114181
It’s like killing people all over again just to revive a ‘zombie.’
This is how the Unyon ng mga Manggagawa sa Agrikultura (UMA) described the reported revitalization of the decrepit Central Azucarera de Tarlac (CAT) whose management was replaced more than a year ago when businessman Martin Lorenzo purportedly acquired the sugar mill in 2014.
The CAT, located within the 6,453-hectare Hacienda Luisita estate, then acquired shares of other Aquino-Cojuangco firms such as the Luisita Realty Corp. (LRC) and Luisita Industrial Park Co. (LIPCO) through the CAT Resource & Asset Holdings, Inc. or CRAHI. The Cojuangcos remain owners of the sugar mill through Fernando Cojuangco, President and Chief Operating Officer of CAT. Cojuangco is the son of the late Don Pedro Cojuangco and first cousin of President BS Aquino.
According to business reports, Lorenzo has already taught…
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