Venezuela arrests local leaders Smurfit Kappa plant

  • Venezuela arrests local leaders Smurfit Kappa plant
    Independent.t. E.
    Two managers Smurfit Kappa arrested in Venezuela, the local staff of the Irish firm the Irish independent has learned.
    https://www.independent.ie/business/irish/venezuela-arrests-local-managers-at-smurfit-kappa-plant-37250013.html
    https://www.independent.ie/business/article37250012.ece/dd716/AUTOCROP/h342/2018-08-25_bus_43542301_I1.JPG

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Two managers Smurfit Kappa arrested in Venezuela, the local staff of the Irish firm the Irish independent has learned.

Two men were arrested and charged in what was described by the power of the left and increasingly authoritarian regime as “crimes of speculation, boycott, smuggling, mining, destabilization of the economy and corruption.”

Smurfit Kappa yesterday refused to comment on reports that two of its leaders were arrested.

It comes days after the government occupied the factory and ordered Irish companies to reduce prices. This has increased fears that the plant could be nationalised, or a Smurf to order from the country.

It is clear that the two arrested leaders of the local Venezuelan employees and that Irish citizens to work in the factory.

On Thursday night in Venezuela, State Agency for the protection of socio-economic rights (Sundde) stated that he was arrested two Smurfit Kappa managers.

Earlier this week, the Venezuelan government issued a decree on temporary occupation production company smurfit Kappa device boxes in Carabobo state in connection with the alleged abuse of a dominant position.

Smurfit Kappa told the market on Thursday that he “completely refutes” the allegations made against him.

“The group operates in Venezuela since 1986, according to the highest business and ethical standards,” Smurfit Kappa said, adding that the Venezuelan branch of the plant is part of the accounted for less than 1pc of its earnings before interest, tax, depreciation and amortization in the first half of 2018.

“Smurfit Kappa will continue to closely monitor the situation,” the company said.

Despite the position of the Irish government, the company has support from its employees.

A number of unions spoke in support of Smurfit Kappa, stating that the occupation was “the problem that has created unrest and uncertainty among employees and members of their families.” They said they want “to ratify our utmost support and willingness to continue to work and produce with Smurfit Kappa”.

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