Published On: Thu, Dec 5th, 2013

Palm will not help Curacao Dry Dock

Curacao Ports AuthorityWILLEMSTAD - The Curaçao Dry Dock Company (CDM) has a debt of $ 80 million and is likely to go bankrupt, but the government does not want to help. This was reported by Minister Stanley Palm when asked by reporters during a news conference in Fort Amsterdam. The company has 275 employees.

The claim from Cubans who have worked in CDM is $ 120 million including interest. The Cubans claim this amount because, in their own words, they were considered as modern slaves worked in the company.

‘Certainly not'

"The government itself can do nothing; it is actually outside of all this. But paying 80 million, certainly not, “said Minister Palm to a question from Radio Hoyer 2. The temporary workers at CDM are now also fighting to enforce their payment. According to the Minister, half of their salary was already paid and there are now talks about the other half. According to the minister, the government is not liable for the debt. “CDM itself has only employees and not assets; the owner of it is the holding company which is legally separate from the government.”


Now the court has validated the claim of the Cubans, now it’s the board’s turned, according to Palm. “The Supervisory Board and the Management Board have a responsibility. The government has not caused an 80 million debt, seems to me. There's nothing else left for them but to negotiate.”

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