Is this the final nail in SanCor's coffin?

During an extraordinary assembly held in Sunchales, employees at SanCor, affiliated with Atilra, unanimously agreed to petition for the company's bankruptcy. This stems from the severe debt burden that has left SanCor financially insolvent. The cooperative has failed to balance its operations, instead accumulating post-restructuring debt at an alarming rate, further exacerbated by material input costs.

As of now, SanCor has 1,860 employees and owes a staggering 69 billion pesos, over $51 million USD, which averages to about 33 million pesos per employee. This figure does not account for additional debts owed for several months and a mid-year bonus in 2025.

Despite the grim outlook, SanCor's leadership exhibits a disheartening passivity, lacking any viable alternative strategies for revival. Syndicate reports echo this concern, highlighting the ongoing operational deficits without offering solutions.

Immediate plans to allocate 85 million pesos to cover overdue May salaries suggest employees might receive a mere 20,000 pesos each, underscoring the dire financial straits. Beyond employee wages, the overall debt situation remains largely unaddressed — liquidation or auction of the company wouldn't suffice to fulfill even salary obligations.

The question remains, will there be a definitive resolution to this prolonged financial struggle?