Overview
- The cooperative lodged an 11-page plan in the Rafaela commercial court and requested the fastest possible in-person hearing, also asking that the document be marked non-visible in the Sisfe system due to sensitive content.
- The proposal outlines asset sales, expanded third‑party production agreements, an investor search, and personnel cuts that would reduce staffing from 936 to an asserted optimal 632, a surplus of 304 positions.
- SanCor says it lacks bank credit and only accesses limited, costly non-bank financing, setting a two-step goal to first reach operating balance and then generate surpluses to pay down liabilities and seek to lift the concurso.
- Production has fallen from about 3 million liters of milk per day at its peak to roughly 550,000, with activity sustained through fasón deals with firms including Elcor, Saputo, San Ignacio, La Tarantela and others at plants in Devoto, La Carlota, Balnearia, Gálvez and San Guillermo.
- The company faces creditor pressure and bankruptcy petitions, with reports citing claims near ARS 83 billion along with separate estimates of ARS 69 billion owed to workers and ARS 14 billion in unpaid wages and benefits, leaving the plan’s fate to the judge’s forthcoming review.