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Venezuela reactivates Kellogg plant after company pullout

Venezuela reactivates Kellogg plant after company pullout

"Kellogg is not responsible for the unauthorized use of the commercial names and brands that are the property of the company and will exercise legal actions available as necessary", the company said, adding it would like to return to Venezuela in the future.

The Battle Creek, Michigan-based company said in a statement Tuesday that it was prompted to cease operations as a result of continued economic deterioration. Not surprisingly, its biggest shareholders are Venezuelan president Nicolas Maduro's government and two state-controlled Russian companies now under USA sanctions.

Some 300 workers employed at the plant showed up to work to find a notice informing them of the closure.

In leaving Venezuela, Kellogg joined such companies as Clorox, Kimberly-Clark, General Mills, General Motors, and Harvest Natural Resources.

Oliver illustrates how the country has been led astray by its leadership, from the shortsighted government of the late Hugo Chávez to the outright corruption and catastrophic food shortages seen under Chávez's hand-picked successor Nicolás Maduro, an aspiring authoritarian who would rather obfuscate the truth, play the blame game, or outright change his government's rules to protect his power than fix Venezuela's problems. "The labor minister and the economy minister immediately arrived, opened the company and handed it over to the workers, and the company is producing with the industrial working class", said Maduro, who is seeking a second term in elections Sunday. "Imperialists! Oligarchs! Nobody can scare our people".

Maduro's government, Oliver said, is "telling Venezuelans that humanitarian aid is part of a conspiracy to overthrow his government".

"Over the last few years it seems like every time Venezuela has been on the news it's because something terrible has been happening", Oliver said.

In 2014, the government took over two plants belonging to cleaning products producer Clorox.

In children's breakfast cereals, it ranked first with a 60% value share, with Kellogg's Zucaritas commanding a 31% value share and Kellogg's Froot Loops and Kellogg's Choco Krispies controlling a combined 30% share.

The socialist regime nationalized the company's production plant in the city of Maracay in response to the move.

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