Venezuela Seizes Kimberly-Clark Factory

[Eugene]

Source: Associated Press (Yes, I know where they stand on Venezuela.)

Venezuela Seizes Kimberly-Clark Factory

By FABIOLA SANCHEZ, ASSOCIATED PRESS CARACAS, Venezuela — Jul 11, 2016, 5:23 PM ET

Venezuela's government has seized a factory belonging to Kimberly-Clark Corp. 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.

Kimberley-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 face 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.

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Read more: http://abcnews.go.com/International/wireStory/venezuela-seizes-kimberly-clark-factory-40502725

[TexasMommaWithAHat]

1. I don't think Kimberly-Clark is going to produce

And the government can't produce under the Kimberly-Clark name.

Good luck finding resources to make the products the people of Venezuela need.

[Bacchus4.0]

2. No doubt the government run enterprise will meet the needs of the Venezuelan people nt