Overview
- The company dismissed 1,000 employees over two days, with 500 in Capitán Sarmiento, about 450 at WADE 2 in El Jagüel and 50 in Pilar, and the STIA filed the telegrams with the Buenos Aires Ministry of Labor.
- The provincial Ministry of Labor has convened a hearing in La Plata to seek conciliation between Granja Tres Arroyos, the STIA union and labor authorities.
- Granja Tres Arroyos told workers the cuts respond to a “grave decrease of work” caused by avian flu outbreaks, export closures, domestic oversupply, falling prices and rising costs.
- The firm carries roughly US$360 million in liabilities and absorbed heavily indebted units such as AVEX and the ex Cresta Roja, moves that suppliers and sector sources say worsened its cash flow and cut production capacity.
- Local officials warned of sharp social and economic effects for the towns involved and said the reductions could disrupt local supply chains and town incomes while the hearing looks for a solution.