500 workers of a cotton company of Vicentín are fired

The firm Algodonera Avellaneda, of the Vicentín group, which has been in cessation of payments since the beginning of last December, granted 500 employees since yesterday, with the argument of the lack of raw material. This decision adds to the 800 operators of the oil plants in the town of San Lorenzo who have been out of work since last December due to the debt crisis that the group is going through.

Source: La Nacion

Categories: Macroeconomy/Finance