Wichita-based Koch Industries now planning 'exit strategy' for business in Russia

[Yo_Mama_Been_Loggin]

Source: Wichita Eagle

Wichita-based Koch Industries has now decided to pull its business out of Russia, after saying last month that doing so would jeopardize the safety of its employees and allow Russian authorities to take control and profit from its facilities.

President and Chief Operating Officer Dave Robertson sent out a company-wide memo on Thursday saying the company was working on an “exit strategy” for its roughly 600 employees at its two Russian glass plants, called Guardian Glass. Koch Industries also employs an additional 15 people in Russia who don’t work for Guardian.

“Guardian is working with its local management team to find an exit strategy that maintains our commitment to employees’ safety and does not result in the Russian government taking over the plants and financially benefiting from them,” he wrote. “All other Koch companies, none with operating assets in Russia, have ended or are ending business activities there.

“As a company and as individuals, we have consistently condemned Russia’s action and remain united in support of all employees and others who are harmed by this terrible war.”


Read more: https://www.yahoo.com/news/wichita-based-koch-industries-now-190803058.html

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Thanks for finally doing what you should have done in the first place.

[Rebl2]

2. What took

so long

[Hassin Bin Sober]

3. Old man Koch made his fortune selling to Stalin.

[Grokenstein]

5. Just waiting to see which way the wind turned.

[Mr.Bill]

7. Took this long to turn into a non-manageable

and non-profitable situation. That's all that matters to them.

[paleotn]

4. Oh, now there's a smart move.

There are no profits to be made in a pariah state with an economy sporting 17% inflation and accelerating, plus 20% interest rates. And even if you could, you can't transfer said profits out of the country. It's a complete write off. Take the hit now and leave. Stay and the risks just keep getting worse.

[C Moon]

6. I wonder how much longer tfg will keep sides with putin.

putin is probably the most hated man on earth right now.

[turbinetree]

8. Fucking about 58 days to late on principles ......wonder what they think of innocent civilians

in Ukraine getting bullets in the back of there heads....

[NullTuples]

10. I think the Brothers Koch answered that question many times over.

[turbinetree]

17. Through out there wretched life....and then this all time favorite....

[NullTuples]

19. Why am I not surprised that a Koch heir manufactures Hawaiian shirts?

Wall Street Journal:

"Why the Extremist ‘Boogaloo Boys’ Wear Hawaiian Shirts"

"Aloha shirts have become a disconcerting signature for members of a gun-toting, anti-government faction"

[turbinetree]

21. This.....

[James48]

9. There is only one reason they are doing this.

They figured out they can’t take money out of Russia now. No more Ruble conversion.

So they can’t profit from death there any more.

[NullTuples]

11. And/or they figure Putin will appropriate the plants anyway...

[moondust]

12. Sure.

I heard a guy from the Koch's libertarian Cato Institute on Canada's CBC News last Sunday pushing the Kremlin line about years of NATO "aggression" in moving ever closer to the border with Russia.

[IronLionZion]

13. Remember all those NATO countries who invaded Russian territory?

Me neither.

[rpannier]

14. War of Northern Aggression

[lark]

15. It's probably a lie.

Kochs are not known for telling the truth - ever.

[They_Live]

16. My immediate reaction

is that they will just create a new brand/company to do business with Russia.

[dlk]

18. Now that every last dollar of profits has been wrung out of Russia...

In every circumstance, maximum profits for those at the top comes first.

[not fooled]

20. Ol' Charlie still cheating Scratch of his due

before he goes to join David down in hell, Charlie "My father made his money working for Stalin so what's your problem with Russia?" 666koch666 finally decides to leave. Not that they're doing it for the right reasons--it's the sanctions:

Thursday’s announcement says staying in Russia is now untenable.

“Sanctions announced in early April, combined with the Russian government’s response and other actions, have made conditions untenable for Guardian to continue operations in Russia,” Robertson wrote.

.

BTW, if historians get it right, the 666 koch666 sociopaths and their ability to figure out how to wreck this nation should be recorded as the primary cause of the demise of the U.S.A. But hey, they got to keep more money and screw the rest of us so they win!