The heads of the company have no answers for creditors and the Board of Directors is fractured. The workers emphasize that “the fault has been the administration.”
SanCor close to bankruptcy: between complaints and friendly fire, managers prepare their withdrawal
With millionaire debts the company SanCor is on the verge of bankruptcy. No answers for creditors and with the board of directors fractured, The managers prepare their retirement.
Workers also highlight that there is “crossfire” between managers“where they blame driving mistakes and responsibilities not assumed”. “It was the administration’s fault. and not from the workers as they want us to believe,” they highlighted in a statement.
The employees “move forward with the preparation of criminal complaints for tax evasion and the labor demands for debts recognized by the SanCor authorities themselves before the Ministry of Labor of the Nation.” For its part, “both the Mutual of the workers, as well as the Partner Workwhich provides them with health coverage and union entity that brings them together, they also decided go to court in pursuit of the perception of their respective credits”.
How much is SanCor’s debt?
- Debts from work: US$50,100,000 (Salaries, SAC, salary deferrals, voluntary retirements, compensation, agreements in lawsuits, social works, Atilra, Ampil and subsidies).
- Taxes: US$139,100,000 (Fallen AFIP moratoriums, fallen payment plans, unpaid accrued current debt, ARBA moratorium, ARBA gross income, lawsuits for unpaid tax claims, tax debts from other provincial and municipal jurisdictions).
- Commercial debts: US$21,500,000 (producers, extrajudicial preventive agreement, commercial supplier debts, transporters, various).
- Financial debts: US$168,700,000 (financial entities, investment funds, Fondep, SanCor Salud, SanCor Seguros).
- Provisional debt for tax evasion: Subject to investigation.
- Total debt: US$379,400,000
Source: Ambito
