Posted on 05/16/2018 5:49:34 AM PDT by Oldeconomybuyer
Authorities in Venezuela have seized a plant owned by the American cereal manufacturer Kellogg.
It comes after the firm announced it was pulling out of the country because of the worsening economic situation.
President Nicolas Maduro, who has previously accused the US of waging economic war against his government, called the closure "absolutely unconstitutional and illegal".
He said the factory had been handed to workers and would continue production.
Earlier, workers had said they had been prevented from entering the plant in the central city of Maracay on Tuesday.
The announcement comes ahead of Sunday's presidential elections.
"We've begun judicial proceedings against the business leaders of Kellogg's because their exit is unconstitutional," Mr Maduro told cheering supporters in the central state of Carabobo.
(Excerpt) Read more at bbc.com ...
Yes, but only if those jobs don't interfere with other jobs that Venezuelans don't have.
Venezuelans shouldn’t be eating Kellogg’s cereal anyway. That’s cultural appropriation!
Is there really any difference between Maduro and most WASHINGTONIANS?
Goes to show just how much spare cash Kellogs must have to still be operating in Venezuela until now, and how much their profit margin must be on boxed wheat and oats.
They were probably still making money, even in Venezuela, until recently.
Dry Oatmeal
Produce until the inventory is gone, then sell off the equipment. Works every tine.
guess they'll just have to nationalize them too
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