Venezuela seizes Kellogg unit after company halts operations: Maduro

Venezuela's government seized control Tuesday of the South American country's Kellogg subsidiary after it halted operations, President Nicolas Maduro announced. Maduro said the company had been "handed over to the workers" to continue production after the US-based cereals manufacturer said it was ceasing operations. In a statement, the US multinational cited Venezuela's crippling economic crisis as the reason it was ending its operations in the country.

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May 16, 2018 at 06:08AM