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Coca-Cola Venezuela calls on authorities to halt labor protests

Economy The local unit of Mexican group FEMSA, a Coca-Cola bottler, urged local authorities to take the appropriate actions to clear the facilities occupied by former employees who claim the payment of allowances.

The company said in a statement that the closure of the industrial plant by ex-workers is illegal, because the benefits that they are claiming are baseless.

The subsidiary of FEMSA added that the protests staged by 4,468 former dealers who have blocked the plants "are illegitimate and endanger the job security of 8,000 workers of the company," DPA reported.

The company said that according to Venezuela's Labor Law, all actions "related to the working relationship prescribe after the first year of the termination of services."


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Worsening chronic poverty in Venezuelan households

11:00 AM. Economy. Based on the official data, more and more families failed to get out of poverty in 2008; the exclusion status of more people moved faster and fewer people are on their way to overcome this situation. According to the data provided by the official National Statistics Institute (INE), last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77

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