Overview

• Judicial authorities delayed approval of Lácteos Verónica’s Procedimiento Preventivo de Crisis and set a new hearing in 15 days
• The dairy producer has stopped paying wages since May and owes more than ARS 5.4 billion to creditors
• Management plans to notify about 200 employees of impending layoffs via Zoom
• ATILRA has signaled intensified labor actions and is preparing a tax-fraud complaint over unpaid contributions
• Production has fallen from over one million liters per day at its pandemic peak to virtually zero by June