On July 7, 2026, while Argentina was playing Egypt in the World Cup, 36 workers at the Metalfor plant in Córdoba received their dismissal notices via telegram. The company had given them early leave to watch the game. Workers are now seeking government intervention.
While Argentina celebrated a historic World Cup victory on July 7, 2026, agricultural machinery firm Metalfor sent dismissal telegrams to 35 workers. The company, facing a severe liquidity crisis with $52 billion ARS in debt, had authorized staff to leave early to watch the game. They are currently undergoing a Preventive Crisis Procedure.
July 2026 kicks off with a dual and highly hopeful economic panorama. While the Central Bank reserves exceed US$48 billion, the market experiences an active reconfiguration: fintech acquisitions, interest in dairy companies, and a strong push for construction. Despite adjustments in some sectors, the Argentine macroeconomy shows clear signs of recovery.
Agricultural machinery manufacturer Metalfor has initiated a Crisis Preventive Procedure (PPC) in Argentina to seek financial reorganization amidst recent salary payment delays. The company is currently engaged in active negotiations with the powerful Metalworkers Union (UOM) to preserve local jobs and successfully overcome this complex economic juncture through dialogue.
Alfredo S. Quiroga
