Venezuelan workers to be paid severance in ‘tires’
CARACAS – Reuters
Demand for consumer goods has plummeted and firms are unable to import raw materials, leading companies ranging from Kimberly-Clark to Kellogg to leave for good.
“Our goal had been to maintain its operations, but economic conditions and U.S. sanctions have made this impossible.”
Venezuela has been in a dire economic conditions since 2014.
Venezuela’s consumer prices rose 1.3 million percent in the year ending in November, the National Assembly said on Dec. 10