Waiting it out: Johnson & Johnson, Colgate-Palmolive et al maintaining skeleton operations in Venezuela

Waiting it out: Johnson & Johnson, Colgate-Palmolive et al maintaining skeleton operations in Venezuela

Several multinationals, including Johnson & Johnson and Colgate-Palmolive are maintaining skeleton operations in Venezuela, with employees kept on retainers while they wait for the country’s chronic shortages and economic turmoil to improve, according to a report published by Business Insider.

The report highlighted the service these companies are providing to employees, even as production has ground to a halt due to a lack of raw materials, such as access to the cafeteria for meals and continuing to pay salaries.

Other multinationals, including Clorox and Kimberly-Clark have pulled out of the country altogether, but a handful remain, hopeful that as the situation improves, they will be best placed to profit.

 

IN CONVERSATION WITH...

FORMULA FRIDAY

STREET TALK

60 SECOND PITCH

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

TOP 50 BRANDS