Last call for Curtume CBR. The local government in La Rioja, sector’s associations and unions all participated to a meeting to avoid the shutdown of the Argentinian tannery of Nonogasta. But the funds aren’t enough.
Last call for Curtume CBR
5 million USD. That’s the amount needed to save Curtume CBR, along with the faith of its 800 employees. The province’s government has started looking for investors, as it seems to be the only way out of the situation for the business, a point of view shared by the company’s owner.
Potential closing
The tannery, according to union sources and local media, if unable to find the funds, intends on leaving the country. If the local government was able to find the amount needed, the tannery could reopen its doors, but for how long depends on the recovery of the market.
No time left
As reported by nuevarioja.com.ar, a group of entrepreneurs is interested in taking over the business. The group includes the current owner of the tannery, but as for now, everything else is still unknown.
Read also:
- Argentina, is the Brazilian ownership of Curtume CBR going away?
- Recovery messages from Argentina: Curtume CBR pay wages
