Workers strike at Nestle Venezuela plant amid salary dispute
Workers at a Nestle plant in Venezuela said on Wednesday they had begun striking over wages, shutting the factory as sky-high inflation complicates operating conditions for businesses in the South American nation.
The roughly 780 worker-strong union at the El Tocuyo factory in the western state of Lara voted on Tuesday to walk out after contract negotiations that started in March failed to end in a deal, union leader Jesus Dominguez told Reuters.
The OPEC country's annual inflation rate of 63.4 percent in August, the highest in the Western Hemisphere, is eating into Venezuelans' purchasing power and has become a hot-button issue at the negotiating table.
Dominguez said Nestle, the world's biggest food maker, offered a 50 percent salary increase, while workers demanded a 65 percent increase to keep up with price growth.
http://finance.yahoo.com/news/workers-strike-nestle-venezuela-plant-183814688.html
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