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XII. Employees And Unions

Article 33 Employees and unions

The Managing Director must prepare a plan for the Board of Directors’ approval on issues related to recruitment, employment, termination of employment, salaries, social security, bonuses, awards and discipline for the Managers and employees, as well as the Company’s relationships with recognized labor unions, according to the highest standards, practices and management policies, the practices and policies stated in this Charter, and the statutes of the Company and the Law.