"Argentine textile company Textilcom closes two of its plants", 28 May 2024

The company Textilcom has had to close its two plants located in the provinces of La Rioja and Catamarca, with the consequent dismissal of 267 workers.

The firm, based in Villa Soldati, Buenos Aires, had three plants dedicated to the production of clothing for well-known brands such as Grisino, Cristóbal Colón and Cheeky.

According to the local media DiarioAr, the news of the cessation of operations took employees by surprise, who were already experiencing delays in the payment of salaries.

According to information gathered by the newspaper, in La Rioja, where 143 layoffs occurred, the Union of Workers in the Clothing and Related Industries (SOIVA) reported an attempt to extract machinery and materials by the company, which led to the closure of the facilities and the presence of police to prevent access.

Meanwhile, in Catamarca, 124 workers remain at the Textilcom plant, which was taken over as a protest measure. The employees marched to the local Government House in search of government intervention and support to find investors that would allow the continuity of the activity.

The Secretary of Labor of the province of Catamarca, Myriam Espinosa, confirmed to the newspaper the layoffs at Textilcom and another textile company, Alpacladd, attributing the situation to a sharp drop in sales.

According to a recent report by the Pro Tejer Foundation, the textile sector has registered a 35% drop in demand and a significant increase in nominal prices, which has led to a decrease in production and a loss of purchasing power for the population.

[Translation via Google Translate]