Venezuelan Government announces intervention at Smurfit Kappa subsidiary
Smurfit Kappa Group plc confirms that officials from the Venezuelan government have announced a temporary intervention at the Group’s subsidiary Smurfit Kappa Carton de Venezuela. The intervention allows for further inspections and audits covering areas such as tax, costs, pricing and employment practices.
ByLesprom Network
Dec 03, 2013. /Lesprom Network/. Smurfit Kappa Group plc confirms that officials from the Venezuelan
government have announced a temporary intervention at the Group’s subsidiary
Smurfit Kappa Carton de Venezuela. This is part of a nationwide programme of
inspections and audits at both locally and internationally owned companies,
conducted by a number of government Ministries and agencies. The intervention
allows for further inspections and audits covering areas such as tax, costs,
pricing and employment practices, as the company said in the press release
received by Lesprom Network.
Smurfit Kappa Carton de Venezuela (SKCV) retains management of the
company and is co-operating fully with the government officials. SKCV is
committed to operating its business to ensure the on-going supply of products
and services to its customers.
Smurfit Kappa Group is Europe's leading
corrugated packaging company and one of the leading paper-based packaging
companies in the world.
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