The company had previously presented a crisis preventive procedure before the Secretary of Labor. It seeks to reduce its work campus to the minimum.
Surcos, the production and marketer firm of phytosanitary that crosses a complex bankruptcy competition with debts for around $ 100,000 million, began a strong restructuring process and as the first request it executed the dismissal of around 50 people. But that is not all, because before he requested a preventive crisis procedure, so disaffected employees will receive about 50% of the corresponding compensation and in installments.
Before falling into default, in December last year, Surcos had about 220 employees, of which about 50 are agronomist engineers, much of these workers are affected by the measure. But the truth, sEgun advance in the sector, dismissal telegrams would continue to arrive in the coming weeks. It is that the national capital company, commanded by the Calvo family, seeks to minimize its structure.
In the rigor of the truth, from the embargoes that weigh on the accounts of furrows, Today the company can only pay wages and that puts it in a state of practically liquidation. Specifically, a commercial provider filed a claim that resulted in the embargo on bank accounts and the general inhibition of goods. Subsequently, Banco Galicia notified the existence of a new embargo on the company’s bank accounts by a financial creditor.
As they explain from the firm, they can not have their bank accounts, they also lost access to checking lines, the usual payments and charges were interrupted and they cannot liquidate exports or pay imports.
That is why the company’s assets are in the sights, because the sale of some of them could be a kind of lifeguard in this critical situation. At the moment, Surcos has two production plants in Florencio Varela (Buenos Aires) and Recreo (Santa Fe), and a network of 14 deposits and 10 distribution centers throughout the country. The company exports to markets in the region, such as Uruguay, Paraguay, Bolivia and Colombia, and its portfolio includes more than 100 products, standing out in the herbicide formulation, which represent 70% of its sales.
The truth is that So far they are not mentioned possible by the company’s assets, since the agricultural input sector is happening a complex situationin which a strong retraction in sales, on stock and high labor costs stands out.
The company fell into default at the beginning of December, when it could not face two maturities of stock market promissory notes: one for US $ 3.5 million and another for more than $ 930 million. Then, on December 23, he had formed that he had been seized for US $ 5.5 million, plus US $ 2 million in interest. A day later, the Justice of Santa Fe issued a new general inhibition of property and a judicial embargo for $ 21 million, following a demand for finlatina for a debt of $ 50 million.
On January 13, the company could not make the seventh payment of ON for US $ 69.025, and on January 20, another expiration of US $ 4 million left default
Source: Ambito
