Particle.news
Download on the App Store

Argentina’s White-Goods Crunch Deepens as Electrolux Extends Suspensions and Mabe Shuts Río Segundo Production

Falling sales under import pressure drive retrenchment.

Overview

  • Electrolux will keep about 400 workers in Rosario on rotating suspensions through year-end, paying 100% of wages in October–November and 95% in December under a UOM deal.
  • Mabe has stopped manufacturing at its Río Segundo, Córdoba, site and will convert it into a quality, reprocessing and storage hub, consolidating production in Luque.
  • The company is investing roughly $25 million in Luque and concentrating washers, dryers and cookers there to cut costs and maintain local supply.
  • Workers in Córdoba were offered relocation 60 km to Luque with company-paid transport or enhanced severance of around 110% if they decline to move.
  • More than 600 employees across both firms are affected as factories run at roughly 50–60% capacity and washing-machine imports jumped 641% year to date under an easier digital import regime.