[REVISION HISTORY]

Granja Tres Arroyos: Debt restructuring and bankruptcy

Updated 18 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-21 16:11 UTC → 2026-09-22 17:36 UTC · added ~~removed~~

Since mid‑May 2026, Granja Tres Arroyos has faced escalating labor disputes and a $350.9 million debt burden. The crisis involves five facilities across Buenos Aires, Entre Ríos, and Córdoba. Production has collapsed from a peak of 760,000 birds per day to approximately 200,000. To manage its debt, the company is negotiating a restructuring that could involve cutting 75% of its capital, extending repayments over seven years, and selling non‑strategic assets. Labor unrest is driven by unpaid wages and reduced pay. While the company has suspended operations at several sites, the Sindicato de Trabajadores de la Industria de la Alimentación (STIA) maintains the poultry sector remains stable and the crisis is specific to the firm. The situation turned tragic following the death of Carlos Esquivel, a 15-year employee who reportedly suffered a fatal heart attack upon receiving his dismissal notice. By mid-September 2026, the group formally declared a state of insolvency in commercial court, reporting liabilities of approximately 536,000 million pesos and noting significant debt from rejected checks affecting over 4,800 creditors. In late September, the crisis intensified as the company proposed paying a portion of worker salaries in kind, specifically in “boxes of chicken,” during hearings at the Buenos Aires Ministry of Labor. This proposal follows the dismissal of 1,200 employees across plants in Capitán Sarmiento, Esteban Echeverría, and Pilar. While the provincial government mandated a period of compulsory conciliation to temporarily reinstate these workers, labor unions have criticized the payment proposal as an “unacceptable precarization of labor.” Total group layoffs are estimated to exceed 1,700 in recent months.

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