Overview
- The company dismissed 35 employees from its Noetinger plant while those workers were authorized to leave early to watch Argentina’s match, with telegrams arriving during the game.
- The dismissals came about a week after Metalfor opened a Procedimiento Preventivo de Crisis with Córdoba’s labor ministry to renegotiate labor terms and seek relief from mounting liabilities.
- Official Central Bank data show Metalfor owes about $52,000 million to 23 banks and has 558 returned checks totaling roughly $5,348 million, figures that signal deep liquidity stress.
- Workers and the Unión Obrera Metalúrgica say the layoffs violated expectations of job protection under the PPC, several affected employees have long tenure, and the company’s leaders did not respond to press inquiries.
- The case highlights wider pressure on Argentine agricultural machinery makers as sales and production slump and raises questions about whether the negotiation window through mid-July will secure wages, indemnities or plant continuity.