According to reports, in January an assembly of producer members of the dairy cooperative had approved the formation of a 15-year trust for an investment group to manage the activity, today in suspense over this situation.
The decision stipulated the disbursement of US$60 million, with funds in the market and an eventual public contribution, a situation that has not seen much progress so far.
So far, the group that brought the trust proposal closer to the main exporter of dairy products in Argentina is made up of José Urtubey (Celulosa Argentina), Marcelo Figueiras (Richmond Laboratory), Gustavo Scaglione (La Capital de Rosario and Canal 3 de that city, among other media), the lawyer Leandro Salvatierra (partner at Casanova, Mattos, Salvatierra & Feser and partner at Scaglione), and Jorge Estevez (specialist in the dairy sector).
Despite the fact that there were meetings between the parties and the Ministry of Agriculture, John Joseph Bahillostipulates speeding up the times, from the milkmen’s union they warn that the situation “It does not give for more”, they point against the Government and assure that the measures of forces could be imminent.
The only way, they say, is for the State to take an active role in financing in case the stipulated funds are not available from the businessmen involved in the negotiation.
The state of affairs
“The project and commitment of the National Government to reorganize and recover the productive capacity of SanCor, -which included the assembly of a Trust approved by the Assembly of partners plus the promise of State contribution-, is stalled due to lack of response from the authorities government, a situation that, in the face of this problem of such vast magnitude whose terminal crisis is being endured by the workers, forces us to resume union action measures,” they questioned.
From Altilra they explained, however, that “SanCor has positive operating results, shortened payment terms to farmers (for raw material) and has credit from input suppliers.” And they added that, although the milk company has a debt of around US$240 million, “it is more balanced.”
However, like other companies in the country, it is facing a crisis due to the reconversion of its productivity: “Working capital is now needed to increase the volume (to 1.5 million liters per day).”
With the memory of the strike of the Tire workers fresh, which implied the paralysis of the industry for almost a week and strong questioning of the ruling party from various fronts, the Government will seek to try to deactivate a new bomb.
This was assured by the Bahillo portfolio, which in any case would not be considering the idea that the State be in charge of inclining the trade balance of SanCor, something that would clash with Altilra’s wishes.
Today, the milk company has 1,700 workers and some fear losing their jobs if the conflict continues.
Source: Ambito
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