#cierrepolar

86/100 Polar Closure

Two weeks ago Polar, the largest private company in Venezuela, stopped production of its beverage packaging plant in the absence of raw material (second plant it closes down for the same reason in less than 2 months). Aside from this closure, yesterday the union of Polar Brewery illegally halted production and distribution of beer and malt throughout the metropolitan area of ​​Caracas in hopes to negotiate better wages and benefits.

These closures worsen the current extreme shortages the country is experiencing since Maduro became president. The root of this situation is because of the currency exchange the country has been going through since 2003. Polar has been in constant negotiations with the government about the currency control in order to be able keep up their production, provide more to the country (after the government requested a production increase) and be able to keep improving employees wages and benefits.