Day: December 16, 2019

Fernández’s emergency decree doubles redundancy compensation

President Alberto Fernández, has decreed a double redundancy compensation to workers for a period of 180 days in case of “dismissals without just cause”, as means to “stop the worsening of the labor crisis “. In the case of dismissals without just cause ”the affected workers will have the right to receive double the corresponding compensation in accordance with current legislation,“ says the decree.

Argentine soy giant Vicentin suspends crushing amid debt crisis

Argentine soy crushing giant Vicentin has halted most of its operations in its owned processing plants as the company battles to restructure its debt after defaulting earlier this month. Vicentin has around $350 million in outstanding payments to suppliers, while financing deals with local and international banks add up to well over $1 billion. The production issues threaten to ripple through global markets and hit domestic supply of edible oils.