Dairy Giant Faces Closure Amid Financial Turmoil

A major player in the Argentine dairy industry, La Suipachense, is facing an imminent shutdown due to severe financial distress. The company has ceased milk processing, impacting 180 producers who have not been paid for their deliveries. The company is grappling with a bank debt of over $3.6 billion due to bounced checks. This crisis has also left 140 workers in uncertainty, as reported by the union ATILRA, with complaints of unpaid wages and social contributions. The management attributes the crisis to 'financial stress' from falling milk prices and increased costs, yet workers blame the absence of the Venezuelan controlling group, Maralac, along with unpaid dues.