You are here

US companies clobbered by Venezuela's crisis

GM, Pepsi among firms paying dearly for country's political, economic woes brought on by oil slump, mismanagement
Monday, April 24, 2017 - 05:50

BT_20170424_NAHVEN24_2853051.jpg
General Motors shut down its operations in Venezuela and laid off its 2,700 workers after the government on Wednesday seized the plant.

Washington

THE political and economic crisis in Venezuela is costing US companies dearly, as General Motors can attest following the unexpected nationalisation of its plant there.

The big carmaker shut down its operations in Venezuela and laid off its 2,700 workers after the

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom