General Motors Corporation (GM) announced illegal seizure by the Venezuelan authorities of its plant in Valencia, writes CNBC.
“Yesterday, the plant’s GMV (General Motors Venezolana) was unexpectedly occupied with representatives of state authorities, which impeded the normal functioning (plant — ed). In addition, other assets such as cars, were illegally exported from its objects,” the company said.
The company said that the seizure would cause irreparable damage, it 2,678 thousands of workers, 79 dealers and suppliers. GM promised to go to court to protect their rights.
Earlier, Venezuelan authorities have seized the company. So, in 2014, the government announced the “temporary” takeover of two plants belonging to U.S. cleaning products manufacturer Clorox Co which has left the country.
Related news: In Venezuela on charges of terrorism detained two opposition leaders
We will remind, earlier it was reported that in Venezuela there is a lack of food and medicines. For this reason, there were food riots. Inflation in the country amounted to more than 1600% in the next year, according to IMF forecasts, the pace will not remain the same. Rapid depreciation of the currency led to shortages of food and enter food stamps, but even this did not save the country from famine.
As reported, in Venezuela, on 19 April, was arrested more than 500 protesters.
Related news: In Venezuela during the protests shot and killed a 13-year-old
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