In Tucumán, Argentina, the historic bag factory Panpack SA has closed, laying off 75 employees. This event is part of a broader trend, as at least 717 labor conflicts were recorded nationwide between January and February 2024. The main causes were layoffs (63.6%), company closures (12.3%), and suspensions (10%). Panpack, which operated for over 50 years and supplied 15 sugar mills, faced competition from imports. Last year, it already laid off 25 workers, offering only 50% of the compensation in installments, which was rejected by employees. This case adds to the closure of the textile factory TN&Platex in January, increasing the number of bankrupt factories in the province in 2026.
