Pirelli closes in Venezuela. Next step? Another "nationalization" failure story

[GatoGordo]

Workers of Pirelli denounce that the company closed its doors
TalCual Published August 27, 2018



The measure would affect about 1,000 employees, between fixed and outsourced

About 700 workers of the rubber manufacturer Pirelli, reported on Monday August 27 that the company located in the state of Carabobo, closed its doors without notifying them previously.

According to the Efecto Cocuyo, the board of directors notified the union on Friday, August 24, that it would not open its doors on Monday, given the impossibility of paying the new salary increase of 5,900%, decreed on August 17 by President Nicolás Maduro.

The minimum wage went from 3,000,000 bolívares fuertes to 180,000,000 bolívares fuertes (Bs. S. 1,800).

Luis Alberto Álvarez, general secretary of the union, reported that the plant until July had only reached 7.4% of annual production, ie just over 51 thousand rubbers for the domestic market of the country, when that date They should have delivered 700 thousand.

Among the fixed, outsourced and unionized employees, some 1,000 people would be affected by the measure.

Rodolfo Medina has been working in the company for more than 30 years and does not know what he will do if operations cease. The sexagenarian regretted the decision of the company.

A group of workers remains outside of Pirelli. They demand that the company open its doors.

http://talcualdigital.com/index.php/2018/08/27/trabajadores-de-pirelli-denuncian-que-la-empresa-cerro-sus-puertas/?platform=hootsuite

Fear not. Regardless of the fact that Pirelli cannot get the raw materials it needs, or the hard currency to import the materials that are not found at any price in Venezuela (Venezuela under Chavismo doesn't produce anything except misery), Maduro will now nationalize Pirelli (with great ceremony!) and "gift it" to the employees. In other words, The Workers will now own the means of production that produces... nothing. Just like GM, Kimberly Clark, Bridgestone, Kelloggs, Clorox, etc.

In two weeks, the factory will be stripped of anything of value and will become another example of Marxist failure.