Vade
Member
At the BBC: http://www.bbc.com/news/business-44136293
Venezuela continues on its forced march into complete 3rd world status. If you are a multinational company what can you do when the government seizes your assets without any compensation no less.
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."
Venezuela continues on its forced march into complete 3rd world status. If you are a multinational company what can you do when the government seizes your assets without any compensation no less.