In a bid to transform Venezuela to a socialist state, the government nationalized six companies, which had been privatized in 2007. The six renationalized companies were brought together to form the Electricity Corporation of Venezuela (Corpoelec).
This organization provides the entire electricity that is used in Venezuela. It is of paramount importance to note that managers of the different companies are not willing to come together as one entity because they have to defend their privileges, however workers have been able to have a bigger say in how the companies are run because they are directly involved in the management of these companies (Fuentes, 2010).
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