Tyre Factory Staff Given 10-Tyre Redundancy Package

As Goodyear closes its operations in crisis-hit Venezuela, staff are being made redundant with a package of 10 tyres each

Matt Kimberley

11 Dec 2018

Tyre Factory Staff Given 10-Tyre Redundancy Package

Staff at a Venezuelan tyre factory have been made redundant – and their redundancy package consists of 10 tyres from their former employer, Goodyear.

Fortunately for the stricken workers, who now join the massed ranks of Venezuela’s unemployed, premium tyres have become extremely valuable on the black market, reports the BBC, giving each worker the chance to sell the tyres and feed their families – for a while, at least.

The country’s economic crisis and resulting civil unrest have become so severe that the tyre-maker is pulling out of the country altogether – following Kellogg, Kimberly Clark and several airlines.

Goodyear released a statement yesterday confirming the move. It said:

“[Goodyear] has made the difficult decision to stop producing tyres [in Venezuela].
“Our goal had been to maintain its operations, but economic conditions and US sanctions have made this impossible.”

Sanctions placed upon dozens of high-profile Venezuelans by the US have contributed to the collapse in the South American country’s economy. The US says the targeted individuals are guilty of corruption, drug trafficking and crimes against human rights.

Comments

The country’s economic crisis and resulting civil unrest have become so bad, and the civil unrest there so severe

You forgot to mention that the nature of the civil unrest has become extreme.

Fair play; subbing fail on my part. Corrected now.

Here in Venezuela is hard enough to be a petrolhead in the first place (much of the motoring world’s latest is confined to a screen)… Let alone to actually own a car.

Venezuela car meets are just guys that show up with bikes and lawnmowers

I am venezuelan to, I feel you bro but I’m working hard to make my car work

But…but …gommunism works in Venezuela

Communism is not the problem. Corruption, US sanctions, and a lack of infrastructure matter more.

In the days when Venezuela was even more seriously Communist, when the country actually had ties to the USSR, the country was actually the wealthiest country in its geographical area. Now the “communism” has fallen apart, along with any semblance of order. Stop spreading political agendas you know nothing about… Your bias is strong but your knowledge is not.