GM Quits Venezuela After Officials Seize Plant – It Won’t Be Long Now

General Motors Quits Venezuela After Officials Seize Plant – NBC News

Desperate, foolish authorities make the lives of workers worse by disturbing one of the only cash generating businesses in the country. A Socialist success: Inequity has been reduced by making former GM workers as poor as the rest of the people.

“Venezuela’s Information Ministry did not immediately comment, according to Reuters.

Announcing “immediate cessation of its operations in the country,” GM accused local officials of causing “irreparable damage” to the company and its 2,678 workers and 79 dealers in the country. GM said it would pay separation benefits “as far as the authorities permit.””

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