Flender/Flender Gear Units/Bevel-helical gearboxes B4
TION FNT Sandinista * CST Independent Other independents Independent Relatively recent changes in the law allow unions to be formed

with minimum of 2 members. However, existing unions may act as deterrants to the crbation of new unions. Labor contracts

tend to be similar across the industry, but are negotiated on company by company basis. Labor-management relations have been generally

harmonious in recent years with the possible exception at German Pomares. Worker strikes have occurred on limited basis. The Azucareros

del Istmo Centroamericano (AICA) is regional body with representatives of each of the Central American sugar producing countries. Its headquarters are in Guatemala. It meets quarterly to discuss issues of common interest to its members and to arbitrate disputes that Brise among the sugar producing countries of the region. III-7 . Restructuring of the Nicaraguan Sugar Industry Privatization and other restructuring measures in the sugar industry have, or are expected to result in, the following changes: * The workers of Julio Buitrago and Victoria de Julio will be provided six month option to invest in up to 2% of the government' current participation in those sugar companies. The 2% participation in Victoria de Julio is to be in the form of agricultural lands. The remaining assets of the two mills are to be privatized. The workers of San Antonio, German Pomares, Benjamin Zeledon and Javier Guerra will have the option of investing their 2% in up to 5% of Benjamin Zeledon and 7% of Javier Guerra, via mutual fund to be established in the name of the workers of these sugar mills. The remaining 5% of Benjamin Zeledon and 3% of Javier Guerra will be privatized. * San Antonio has been returned to its previous owners. German Pomares is in the process of being returned to its previous owners. CORNAP will study the divestiture of Camilo Ortega. Management of the Victoria de Julio, Julio Buitrago, Benjamin Zeledo