I thought asset seizures had ended.
Stuff like this is not going to encourage businesses, foreign or domestic; to invest in the country.
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Venezuela's government said Monday that it will seize a factory belonging to
Kimberly-ClarkCorp. after the U.S. personal care giant said it was no longer possible to manufacture in this crisis-wracked South American nation.
Labor Minister Owaldo Vera said the socialist government was taking the action at the request of the 971 workers who have occupied the factory that the company decided to shutter in central Aragua state.
Kimberley-Clark announced on Saturday that it was suspending production in
Venezuelabecause of a lack of primary materials, currency trouble and soaring inflation. The company made a number of hard-to-find staples in Venezuela such as diapers and face tissues.
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http://abcnews.go.com/International/wireStory/venezuela-seizes-kimberly-clark-factory-40502725