Atilra denounces non-compliance in the payment of salaries and a new front opens that would paralyze the dairy cooperative that seeks to stay afloat.
Just months ago, from the SanCor cooperative they reported that a new horizon was opening up for the firm after having reached an agreement with the Atilra union and that there were even possible investors interested in the company. Now all that is behind us and The dairy company is once again locked in its labyrinth, with problems paying its employees and with a new union conflict on the horizon.
The reality is that the company acknowledged being under “financial stress” that prevents it from regularly meeting its salary obligations, which led to the need to split payments to its staff. This situation set off alarms in the Association of Dairy Industry Workers of the Argentine Republic (Atilra). The union points out non-compliance on the part of the company and evaluates presenting claims to the National Ministry of Labor. Among the possible measures, they do not rule out calling for strikes or interruptions in activity.
The lack of liquidity to sustain daily operations became a central obstacle for SanCor, which warns that, without new financial contributions in the coming months, the cooperative could face an uncertain future.. The truth is that for now no specific investor has appeared to provide working capital.
Union conflict
Despite attempts at restructuring in recent years, Labor conflicts were a recurring obstacle. In October 2023, for example, a union blockade compromised the production of millions of liters of milk, further aggravating the company’s fragile financial situation. Although in August 2024 they reached an agreement to normalize activities and salaries after months of conflict, Financial difficulties persisted, showing that the solutions applied were not sufficient.
In the midst of the union conflict that led to the paralysis of its production plants, perhaps the worst thing happened for the company: lost its market share and the brand’s products practically disappeared from the shelves of Argentinato. Now the company urgently needs fresh funds to stay afloat, something that seems practically a utopia, because, first of all, It is not subject to credit, since it carries million-dollar debts, and secondly, the dairy sector has just experienced a very complex year with a sharp drop in sales due to the deterioration of the purchasing power of the population.
More recently, SanCor reported that the union force measures generated losses of more than $4.5 billion, adding to the financial challenges it already faced. That explosive cocktail may end up being the end of the dairy cooperative that at one time was one of the leading companies in the sector in Argentina.
As he was able to find out Scopefor now there is no tangible solution for the cooperative and this is what they express from the signature. They need funds to avoid entering into a conflict with the union again, while in parallel Atilra puts pressure and puts the company on the ropes, once again.
Source: Ambito
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