[CLSTR]
API
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 10 sources · 4 days · First seen · Last updated

Linor SRL sawmill bankruptcy in Misiones

Overview

A court in Misiones, Argentina, has declared the bankruptcy of Linor SRL, a major sawmill and wooden pallet producer located in Azara. Judge Adriana Beatriz Fiori of the Eighth Civil and Commercial Court of First Instance in Posadas issued the ruling after the company failed to comply with a previously approved preventive reorganization agreement.

To secure funds for significant debts and employee indemnities, the court ordered the seizure of the company’s facilities, machinery, and vehicles, alongside the freezing of its bank accounts. The bankruptcy also includes travel restrictions for the employer, Juan Carlos Lorenzo. The situation affects approximately 130 workers who are awaiting unpaid wages and potential severance payments.

Industry representatives from APICOFOM and Amayadap have noted that the forestry sector is experiencing one of its worst crises in history. They attribute the downturn to declining consumption in the construction sector, high logistics costs for exports, and a stagnant exchange rate amidst ongoing inflation.

Entities

Linor SRL · Juan Carlos Lorenzo · Amayadap · Adriana Fiori · APICOFOM

Timeline

  1. [BUSINESS] 8 sources
    Linor SRL, major Argentine sawmill, declares bankruptcy

    Linor SRL, a major Argentine sawmill and pallet producer in Misiones, has declared bankruptcy due to falling sales, labor conflicts, and a broader crisis in the regional forestry sector.

  2. [BUSINESS] 2 sources
    Linor SRL sawmill declared bankrupt in Misiones, Argentina

    A court in Misiones, Argentina, has declared the bankruptcy of Linor SRL sawmill to ensure the payment of debts and indemnities for approximately 130 workers.

Sources

argentinaforestal.com · cuestionentrerriana.com.ar · diariopampero.com · digitalsantotome.com.ar · elagrocorrentino.com.ar · infobaires24.com.ar · losprimeros.tv · radiomhumahuaca.com.ar · tiemposur.com.ar · virasorovirtual.com