Overview
- The shutdown took effect on February 27, and workers began receiving dismissal telegrams as the Labor Ministry convened hearings this week.
- Company notices cite Article 247 of the Labor Contract Law for economic causes, and the firm says it will proceed with severance payments.
- Management links the decision to weaker domestic consumption and what it calls an open import regime that changed competitive conditions.
- Official data show beef imports jumped to about 17,000 tons in 2025 from 2,300 tons in 2024, while January 2026 exports reached roughly 52,400 tons worth $333 million.
- The closure deepens concern across Argentina’s meat‑processing sector, which has seen other setbacks such as General Pico’s recent 194 layoffs tied to financial strain.