Philippines-based cargo ship operator Cargo Ship Enterprises Corp (CSX) has been the subject of criticism for its failure to develop a cargo ship workforce and a high-priced labour market.
The Philippines is a net importer of crude oil and natural gas and is also a key supplier of oil and gas to Asia and Europe.
According to the Philippines National Petroleum Development Authority, the country exported 3,500 metric tonnes of crude in 2016, with a high of 3,600 tonnes.
However, according to CSX’s 2016 profit report, it made only $1.6 million in profits on the $5.5 billion it made from the sale of oil tankers.
In 2015, the company announced it would shut down its oil tanker terminal in the southern Philippines in an attempt to reduce costs.
The terminal, which was already under a state-owned oil monopoly, would be converted into a new port.
The port is scheduled to be operational by the end of 2018.
However the move has come at a high cost.
The closure of the terminal has pushed the company into debt and is expected to be one of the biggest losses for CSX in the Philippines.
The Philippine government has blamed the closure on the United States and European Union (EU) for pushing up prices for imported goods, forcing companies to invest in infrastructure to increase productivity and make them competitive in a global marketplace.
However a leaked memo from the company’s board revealed that the company had failed to develop and fund its workforce.
The memo stated that the labour market had not yet developed enough to support the growth of a workforce that was already in the workforce of 4,000.
CSX has been accused of hiring illegal immigrants from Colombia, Honduras, and other countries to fill the workforce.
It has also been accused by rights groups of hiring workers who are ineligible for Philippine labour laws.
The company’s president, Daniel Aranguren, denied the allegations and has vowed to continue the company as a profitable operation.
“We are not in a position to take any responsibility for the labour shortage and the impact on the environment, environment protection and the environment management of our ships,” Aranguran said in a press conference in February.
However he has acknowledged that the workers are being paid below market rates, and has said the company is currently planning to increase the number of Filipinos employed.
A report by the Center for Public Integrity found that CSX employed workers at least 11,000 people and employed them in a way that was exploitative and unsafe.
It found that the work of workers was largely illegal, with many of them paid below the poverty line, without working conditions or access to benefits.
In an interview with the International Consortium of Investigative Journalists (ICIJ), CSX CEO Daniel Arunan admitted that the firm had made a mistake in hiring illegal workers and said the situation is being addressed internally.
“What we did was wrong and we’re addressing it internally,” Arunanguran told the ICIJ.
“I can assure you that we are going to correct this situation as soon as possible.
It’s very difficult for me to go into the details of what we are doing.
We are going in a very difficult position.”
However, the leak of the leaked memo has caused a huge controversy in the country.
It prompted the Philippine government to announce that it would take over the entire operation of the company, and will hire more staff to deal with the problems created by the outsourcing.
“It’s a very serious problem and it will cause an even bigger problem because this is not a problem we’re trying to fix,” President Rodrigo Duterte said on February 13, calling the company a “corrupt business” and an “international threat”.
He also said the government is looking into the company and will decide on whether or not to prosecute its CEO.
The president’s comments drew criticism from other politicians, who accused him of trying to intimidate Filipinos into signing on for the “job” and of being “anti-poor”.
The country has seen an increase in cases of workers being fired, with workers from other sectors being blamed for the situation.
The International Labour Organization (ILO) estimates that there are around 1.5 million Filipinos who are unemployed or working under the poverty lines.
In February, the Philippine Labor Commission said it has heard reports that about 4,500 workers at CSX were being paid more than the minimum wage.
The government has been in negotiations with the union to resolve the dispute.
“In this case, we are negotiating with the workers and we are confident we will reach an agreement on the wages,” Philippine Labor Commissioner Jo-Ar Herrera told the Philippine Star newspaper.
However Arunangan told Al Jazeera that the country needs a solution to the issue.
“The Philippines is the biggest oil producer in the world and we need a solution.
If we can’t find one, we have to solve it,” he