Buenos Aires, March 4 (NA) – Beverage and food distributor Beer Market has definitively closed its business, laying off more than 90 employees to whom it seeks to pay compensation instead of severance pay. The company communicated the end of its operations to employees after 10 years in business, closing the 20 locations it had distributed throughout the City and the province of Buenos Aires and taking its website offline. The firm had promoted its activity by detailing that “it has 20 branches distributed throughout AMBA and a team of more than 90 collaborators who work with passion and are committed to adding value, being the agents of change and essential protagonists of our success”. Likewise, it expressed its commitment to the country, stating that “we are proud to be an Argentine PYME company because we believe, trust, and bet on the growth of our nation”. The closure is linked to a complex financial situation, consisting of 40 bounced checks for over 191 million pesos and a bank debt of over 1,900 million pesos, with a high risk of insolvency, as reported by Ámbito Financiero. Initially, employees were notified of the cessation of activity via messages and subsequently in a meeting where the loss of their jobs was confirmed. In order to financially settle the terminations, the company offered to pay compensation instead of the corresponding severance pay, arguing that it had entered a preventive crisis process that allows negotiating payments for smaller amounts, according to affected workers. In this sense, former employee Paloma Andrada, who had been working for the firm for three years and earned 700,000 pesos monthly, specified in Radio 750 that in her case, they offered two basic salaries, which included the current month.
