LongTermGuy
12-11-2018, 10:01 PM
"American manufacturing giant Goodyear Tire & Rubber Co. will cease operations in poverty-stricken
Venezuela due to deteriorating economic conditions and U.S. sanctions, the company confirmed to
FOX Business on Monday.
“Goodyear-Venezuela has made the difficult decision to stop producing tires,” a spokesperson for
the company said in a statement. “Our goal had been to maintain its operations, but economic
conditions and U.S. sanctions have made this impossible. We appreciate and thank the Goodyear-
Venezuela associates for their contributions and commitment under very difficult conditions.”
The plant is said to be open, but non-functioning, according to a report from Reuters.
Goodyear is reportedly making severance payments and giving workers 10 tires each.
The tiremaker is the latest in a string of companies to pull or scale back Venezuelan operations,
which have become increasingly difficult to maintain under socialist President Nicolás Maduro’s
government. Others that have fled include Kellogg, General Motors and Kimberly-Clark."
https://www.foxbusiness.com/economy/goodyear-pulls-out-of-venezuela?fbclid=IwAR12Gr9NfL6C16R-NmGnhEQB_c5GxlGflPkhBTnm4pypbh_0fBEqMgVgi3A
***You were saying Bernie...?
`If only socialists could have had some kind of historical precedent or real world example about whether socialism fails or succeeds.
Insanity is defined as doing the same thing over and over and expecting different results. Socialists are therefore mentally ill by default, and thus deserve no voice in competent society`
https://www.glocktalk.com/attachments/bernie-sanders-feels-the-love-for-failed-venezuela-jpg.487950/
Venezuela due to deteriorating economic conditions and U.S. sanctions, the company confirmed to
FOX Business on Monday.
“Goodyear-Venezuela has made the difficult decision to stop producing tires,” a spokesperson for
the company said in a statement. “Our goal had been to maintain its operations, but economic
conditions and U.S. sanctions have made this impossible. We appreciate and thank the Goodyear-
Venezuela associates for their contributions and commitment under very difficult conditions.”
The plant is said to be open, but non-functioning, according to a report from Reuters.
Goodyear is reportedly making severance payments and giving workers 10 tires each.
The tiremaker is the latest in a string of companies to pull or scale back Venezuelan operations,
which have become increasingly difficult to maintain under socialist President Nicolás Maduro’s
government. Others that have fled include Kellogg, General Motors and Kimberly-Clark."
https://www.foxbusiness.com/economy/goodyear-pulls-out-of-venezuela?fbclid=IwAR12Gr9NfL6C16R-NmGnhEQB_c5GxlGflPkhBTnm4pypbh_0fBEqMgVgi3A
***You were saying Bernie...?
`If only socialists could have had some kind of historical precedent or real world example about whether socialism fails or succeeds.
Insanity is defined as doing the same thing over and over and expecting different results. Socialists are therefore mentally ill by default, and thus deserve no voice in competent society`
https://www.glocktalk.com/attachments/bernie-sanders-feels-the-love-for-failed-venezuela-jpg.487950/