Rio - Today Varig employees are planning a demonstration at company headquarters in Rio de Janeiro, to show their disposition to continue supporting the firm.

The Varig workers (Trabalhadores do Grupo Varig) (TGV), representative, NV Participações, an investment group, must make a mandatory deposit of US$75 million today if the June 8 Varig auction is to remain valid. At the June 8 auction, only one bid was made; by NV Participações. The bid was to pay a total of US$449 million for Varig Operations.

Translation: Allen Bennett