Overview
- Company owners told staff on Friday, Aug. 7 that Will Der SA would shut its General Pacheco and Las Flores plants and lay off 120 workers, a move later confirmed in widely circulated audio recordings.
- Owners said they tried for about 18 months to find new contracts and used credit and cheque financing but could not cover operating costs or secure enough work to keep the factories open.
- Central Bank records show Will Der SA had 11 bounced checks totaling AR$24,692,653.44 with no regularization recorded, and owners warned they could not guarantee full severance payments to dismissed workers.
- Industry data place the closure inside a broader sector decline: FITA reported a 25.6% year‑on‑year fall in textile production in May and large cumulative losses in firms and formal jobs since December 2023.
- Media coverage has focused both on the business causes and on owners' emotional, politically charged remarks blaming national economic policy, while no government rescue or intervention has been reported.