Wednesday, July 20, 2016

Meet 9 companies like Kimberly-Clark, gave farewell to Venezuela

One of the largest producers of the world hygiene products, Kimberly-Clark, paralyzed production in the country, because the freezing of prices and the exchange rate made by the Venezuelan Government, lack of raw materials and high inflation.
However, at the request of more than 900 employees of the company, the country''s Government ordered the occupation of the factory and the resumption of production of items such as toilet paper and diapers.
"As of today, Kimberly-Clark back to open their doors, their production," said the Minister of labour, Oswaldo Vera.
In a statement, the company said that "If the Venezuelan Government take control of the factories and Kimberly-Clark''s operations, he will be responsible for the welfare of employees and equipment and machinery.
Along with Kimberly-Clark, 9 other companies from various sectors paralyzed its operations in the country, meet the companies below:
Citibank
Citibank has closed some of its bills in the country, after more than 100 years present in Venezuela. One was used by the Central Bank of Venezuela (BCV) to make your international payments.
"After a periodic review of risk management in Venezuela, Citi has decided to terminate (the activities) as a corresponding bank and stop the service of certain accounts in the country," Citibank said in a statement.
In response, President Nicolás Maduro, said that the Bank was boycotting the country for its decision to close the accounts without warning.
Kraft Heinz
The supermarket shelves are empty and there is no basic items to feed the population.
However, it is not possible to produce more. Kraft Heinz is one of the companies that had to stop its production in Venezuela for lack of raw materials.
Because of this, the President of Venezuela, Nicolás Maduro, said that managers of the operation in the country could be arrested for "sabotage" and "unjustifiable" stoppage of production lines.
Bridgestone
The Bridgestone tyre manufacturer, announced in May that leave the country after 62 years, to prioritize the growth in other countries of Latin America. The company was sold to the Venezuelan Corimon Group.
The company announced that, as the results of the country had already been separated from their balance sheets last year, the output would have no financial impact.
"Bridgestone is proud of the 62 years serving the people of Venezuela and want the best for the new owners and employees of the company," she said in an announcement.
PepsiCo
Pepsico said it will suspend its investments in Venezuela. It will dissociate, or remove, the Venezuela deal of your quarterly statement, because of the difficulty of converting the Bolivar in dollars and repatriate the resources received in the country.
The food and beverage manufacturer said it would have a cost of $ 1.4 billion to suspend business.
Goal
The Goal broke the route between São Paulo and Caracas, which operated since 2007. She had already reduced the frequency of 28 to 2 weekly flights from 2014.
The disruption will last until the issue of the remittance of the funds from the company in the country is resolved, said the airline, and customers
In 2015, she said that was about R$ 351,000,000 in box in Venezuela. However, the company could not repatriate those resources.
The values need to be converted into dollars to return to the country of the company, but the exchange rate made this little advantageous operation.
LATAM
Another airline suspended flights to the country was the Latam, as well as Air Canada and Alitalia.
Merger of the Chilean LAN Airlines and the brazilian TAM, the company froze the operation on account of the complex macroeconomic scenario in the country, she said in a statement.
Aeroméxico
The largest Mexican airline also stopped flying to Venezuela, after nearly five years of the creation of the Mexico City flights to Caracas.
Aeromexico has a large network of flights in Central America and South America and assess return to operate in the country in the future.
Coca-cola
Inventories of refined sugar for industrial use of Coca-Cola in Venezuela are over and so she stopped the manufacture of soft drinks. About 90% of their drinks lead to raw materials.
However, the sugar-free product lines, like the Light version and water, are still operating.
Coca-Cola Femsa, Mexican company that is the largest distributor of Coca-Cola in the world, employs more than 7000 employees in Venezuela. During the standstill of the plant, the company will offer compensation to workers.
General Mills
General Mills sold its Venezuelan subsidiary to Lengfeld Inc., a private company with international presence and in the country.
The manufacturer of Häagen-Dazs had 611 employees in Venezuela to produce the brands Underwood, Rico Jam and Frescarini.
"This is a decision to prioritize growth opportunities in other countries of Latin America," the company said in a statement.
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