Economy Politics Local 2026-04-02T05:48:50+00:00

Argentine Company Closes Plant, Laying Off All Staff

The Argentine firm José Cascasi y Cía S.A. announced the closure of its plant in Tigre, leading to mass layoffs and a conflict over severance pay, highlighting the fragility of industrial SMEs amidst a sectoral decline.


Argentine Company Closes Plant, Laying Off All Staff

The firm José Cascasi y Cía S.A. announced the definitive closure of its plant located in Rincón de Milberg, in the district of Tigre. This decision left all its personnel unemployed and opened a conflict over the conditions of termination, according to union sources confirmed. According to the Argentine News Agency, this company, which worked with the country's largest firms, built the walkways at the Iguazu Falls. An end that had been anticipated. The closure would not have been a surprise. During the last few months, the company had already recorded progressive dismissals and delays in salary payments, signals of a sustained financial deterioration. At its best, the company had more than 50 employees, although at the time of ceasing its operations the plant was operating with about a dozen operators. Links with large companies. Throughout its history, José Cascasi y Cía S.A. positioned itself as a supplier to important national and foreign firms, including YPF, Techint, Pan American Energy, and Ford. However, these links were not enough to sustain the activity in a context marked by the general decline of the industry. From expansion to closure. The contrast is marked. At that time, the company's growth and its contribution to local employment stood out. A little over a year later, the situation changed drastically and the company decided to close its doors. Impact and open conflict. The closure adds to the difficulties facing the metallurgical sector, affected by the contraction of demand and the fall in activity. In addition to the direct impact on the fired workers, the case once again puts the focus on the fragility of industrial SMEs, even those that managed to integrate into the productive chains of large companies. Meanwhile, the conflict over the payment of severance pay could escalate legally if no agreement is reached between the company and the employees, who reject the proposal for partial payment and in installments.