Varig.(LATIN AMERICA/CARIBBEAN Report)(Brief Article)

Varig would eliminate 1,500 jobs, or around 13% of its workforce, and the Rubem Berta Foundation would give up majority control of the airline under the company's bankruptcy reorganization plan presented in court in Brazil last month. The Foundation, which represents current and retired employees, owns 56% of Varig. In the past it blocked restructuring efforts that would have resulted