Privatization Plans of São Paulo Metro Halted After Strike

Judge deemed auction's minimum price too low, while thousands waited in long bus lines to during Thursday's morning and afternoon rush hours.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After a hectic morning rush hour in São Paulo city, due to the partial strike by metro employees, a city court granted an injunction suspending the bidding and privatization auction two metro lines. The privatization, scheduled for this Friday, January 19th, was the reason for the 24-hour walkout.

"Basically, it can be said that this is a privatization funded with public resources. Irony to those conventional economists who defend the privatization of Brazilian state-owned enterprises as one of the main topics of economic-fiscal policy of austerity . . .

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