Lácteos Verónica: Navigating Through Financial Turbulence
Company Name: Lácteos Verónica
Location: Argentina
Financial Indicators
Lácteos Verónica is facing a significant financial crisis, with accumulated debt exceeding 7.545 billion pesos. This financial strain has resulted in numerous bounced checks and defaults on employee salary payments.
Important Events
In response to these financial difficulties, Lácteos Verónica sought a Preventive Crisis Procedure (PPC) from Argentine authorities. This procedure would have allowed the company to lay off 210 employees and suspend another 200. However, the Argentine Government, through the Labor Department, rejected this request, citing the need for stronger evidence to justify such measures.
The company has been embroiled in a conflict since May, triggered by financial hardships and unfavorable market conditions, leading to an indefinite labor stoppage by employees. A resolution was reached, featuring staggered payments starting with installments of $700,000 and amounts to $1,000,000 scheduled for September 29th, with the remaining balance expected from October 6th. This agreement aims to normalize relations with the 650 affected workers, although challenges such as limited raw materials and dependency on third-party processing persist.
Company Plans
As part of its restructuring efforts, Lácteos Verónica is exploring options to stabilize its financial situation. Despite the rejection of the PPC request, the company is likely to continue seeking solutions to manage its debt and address operational challenges. Currently, the company processes a minimal amount of milk through a third-party agreement, which is not generating sufficient income. The company remains focused on finding viable strategies to overcome its current financial obstacles and ensure operational stability.
Modified: 2025/10/15