Tuesday, July 12, 2016

Venezuela Takes Over Suspended Kimberly-Clark Factory

Venezuela has been mired in an economic crisis that has emptied shop shelves and created shortages of food, medicine and household supplies.

Venezuela's government says it is taking over and reactivating a factory belonging to US company Kimberly-Clark, after the consumer products giant announced last week it was suspending operations because of the country's deteriorating economic situation. Speaking on state television on Monday, Venezuelan Labour Minister Oswaldo Vera said President Nicolas Maduro had ordered the seizure of the…

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