| Submit your comments on this article |
| Caribbean-Latin America |
| Venezuela seizes shuttered Kimberly-Clark plant |
| 2016-07-12 |
| CARACAS, Venezuela - Venezuela's government has seized a factory belonging to Kimberly-Clark (KMB) after the U.S. personal care giant said it was no longer possible to manufacture in this crisis-wracked South American nation. Labor Minister Owaldo Vera said Monday that the socialist government took the action at the request of the 971 workers at the factory that the company decided to shutter in central Aragua state. Kimberly-Clark announced on Saturday that it was suspending production in Venezuela because of a lack of primary materials, currency trouble and soaring inflation. The company made a number of hard-to-find staples in Venezuela such as diapers and facial tissues. "Kimberly-Clark will continue producing for all of the Venezuelans," Vera said in a televised statement from the factory surrounded by workers chanting pro-government slogans. President Nicolas Maduro's socialist government accused Kimberly-Clark of failing to properly notify the government of its plans. The Irving, Texas-based company did not comment Monday about Venezuela's actions. Kimberly-Clark joins Bridgestone, General Mills (GIS) and Procter & Gamble (PG) and other multinational corporations in scaling back operations in Venezuela amid its economic crisis. |
| Posted by:badanov |
| #11 All true, but I'll bet some clever MBA (bastard!) put together a great modernization/efficiency/ 'reduced workforce' FVM briefing well before the closing. |
| Posted by: Skidmark 2016-07-12 17:10 |
| #10 In the old days in Europe, the public toilets had newspaper literally hanging on a nail in some of the small villages..... oh wait, dipsh*t closed the newspapers too. Now we will truly see if civilization can in fact exist absent bumwad! Glorious experiments in progressive socialism continue in Venezuela. |
| Posted by: NoMoreBS 2016-07-12 15:35 |
| #9 Who is Juan Galt? |
| Posted by: Alaska Paul 2016-07-12 14:32 |
| #8 Gotta have food to poop. |
| Posted by: swksvolFF 2016-07-12 12:43 |
| #7 They made diapers and facial tissue so I'm guessing they also made TP and maybe feminine hygiene products as well. Venezuelans are gonna miss Kimberly-Clark. |
| Posted by: Ebbang Uluque6305 2016-07-12 12:22 |
| #6 SteveS with the snark of the day. |
| Posted by: regular joe 2016-07-12 11:46 |
| #5 U.S. personal care giant said it was no longer possible to manufacture in this crisis-wracked South American nation. Same reason Nabisco left Chicago ? |
| Posted by: Besoeker 2016-07-12 08:03 |
| #4 President Nicolas Maduro's socialist government accused Kimberly-Clark of failing to properly notify the government of its plans. Their problem was that they failed to perform the proper Kelo rituals before seizure. That's bad form. Dictate is considered a cultural affront, unless Obama does it. |
| Posted by: Procopius2k 2016-07-12 07:58 |
| #3 Production at the plant will restart as soon as the govt can scrape up enough money to have a key made for the front door. |
| Posted by: SteveS 2016-07-12 01:57 |
| #2 What is that famous line from "Soylent Green"? Give me a.minute, it will come to me.... |
| Posted by: Steven 2016-07-12 01:44 |
| #1 Last one out shut out the lights. |
| Posted by: Alaska Paul 2016-07-12 01:24 |