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    Formal complaint filed for against Tupras tender

    Hürriyet Haber
    15.09.2005 - 00:00 | Son Güncelleme:

    A formal complaint was lodged against Tupras on Tuesday at the Turkish State Council by the the Turkish Petroleum Workers' Labor Union (Petrol-Is). The complaint filed notes that the privatization of the 51% stake of the Turkish Petroleum Refineries Corporation (TUPRAS) along with the tender was based on illegal specifications. ''The tender specifications carried no articles protecting workers, investment and production,'' said the formal complaint.Petrol-Is to which the TUPRAS workforce is affiliated, applied to the State Council for the sale to be annulled.''Our union has opened a case against the TUPRAS tender specifications. The sale tender based on this illegal document is also against the law,'' it defended in a written statement.The consortium led by Turkish conglomerate Koc Holding and including Royal Dutch Shell made the highest bid of $4.14 billion for the 51% stake in Monday's long-awaited state auction.The sale has given fresh impetus to Turkey's IMF-backed privatization program and is the second-largest Turkish sell-off after the summer's $6.55 billion sale of a 55% holding in fixed-line phone company Turk Telekom.
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