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‘No Hay Plata’ Candy Maker to Suspend 60 Employees

The company is preparing a preventive crisis procedure with the provincial Labor Ministry following its force majeure suspension of pay for two weeks.

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Caramelos "No Hay Plata".
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Overview

  • Marengo S.A. cited force majeure and lack of work under articles 218–221 of the Labor Contract Law to suspend pay for 60 production and maintenance employees from July 14 to 27.
  • The company blamed a particularly adverse economic-financial situation after a January storm damaged its inventory and broader retail sales declined according to CAME figures.
  • Marengo is gathering documentation to file a Procedimiento Preventivo de Crisis with the Santa Fe Ministry of Labor to seek legal relief from its financial woes.
  • Sindicato de la Alimentación denounced the informal WhatsApp notifications as arbitrary and has secured a conciliation hearing scheduled for next Tuesday.
  • Initial virality for the political marketing-inspired 'No Hay Plata' candies has given way to underperformance that underscores a slump in Argentina’s non-essential goods sector.