Cement plant more than 60 years old will be shut down! Nearly 300 workers are facing unemployment.

2019-06-17 09:23:38

Loma Negro, a company from Brazil, has decided to close its cement factory in Barker-Villa Cacique, Argentina. The cement plant was established in 1956 and has helped the lives of 6,000 local residents. After more than two months of conflict and layoffs, 140 employees at the factory, which once had more than 300 employees, as well as 100 outsourced workers, will lose their jobs.

Loma Negra

from Brazil Negro) decided to close its cement factory in Barker-Villa Cacique, Argentina. The cement plant was established in 1956 and has helped the lives of 6,000 local residents. After more than two months of conflict and layoffs, 140 employees at the factory, which once had more than 300 employees, as well as 100 outsourced workers, will lose their jobs. The

closure of the factory was not due to the company's financial problems. In the first quarter of 2019, the Brazilian cement company's profit increased by 47.7 percent, with a 达到10.67 of billion pesos. Sergio, CEO of the

company, said: "There is nothing wrong with the company's business, but the cost has increased to 400 million pesos, which has affected the profits of shareholders.". We had planned to close the factory a year ago. We had planned to leave 136 workers to work half a day and offer a net salary of 30,000 pesos, but the workers did not accept the proposal.

The CEO added, "Despite the increase in our profits, we have invested 1 billion pesos in the past 15 years, but it has depreciated by 120%, with an inflation rate of about 70% for wholesale and 47% for retail.". Invest in a country that is growing and then suddenly suffers a setback, and that's what happens. All of a sudden the capacity of the factory is idle.

Sergio said, "The market demand has decreased, the logistics cost has increased, and the factory is only suitable for the Atlantic coast city market."

This is not the first time a Barker plant has closed. It happened in 2001, but reopened in 2003 and sold to Camargo Correa two years ago.

For 240 workers, the loss of a job 500 kilometers from the city of Buenos Aires was a tragedy. Mart Martín Asismendi, secretary general of the

Argentine Mining Workers Association, said, "We originally had a total of 330 workers and planned to keep 136, but the proposal was not accepted." "The governor once promised us to help us solve the problem, but now the factory says it can be closed," the

workers said.

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Loma Negro, a company from Brazil, has decided to close its cement factory in Barker-Villa Cacique, Argentina. The cement plant was established in 1956 and has helped the lives of 6,000 local residents. After more than two months of conflict and layoffs, 140 employees at the factory, which once had more than 300 employees, as well as 100 outsourced workers, will lose their jobs.

2019-06-17 09:23:38