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Not only does it close a factory and lay off its employees there, but an entire supply chain also closes, thus increasing the number of unemployed even more.... The historic FATE factory shuts down, leaving almost a thousand employees on the street, and Ventura couldn’t help but mention the reason.
After 80 years, the iconic tire company closes its doors, leaving more than 900 workers without jobs. On TN, Adrián Ventura tried by all means not to attribute it to Milei’s policies and the opening of imports, but he ended up acknowledging it. The industrial massacre being carried out by Javier Milei's government has claimed another victim. FATE announced the definitive closure of the plant in Victoria, San Fernando, in the northern area of the Buenos Aires conurbation. This means that 900 employees are left on the street.
The factory, which has been in the country for 80 years, adds to the 276 thousand companies that have closed during the libertarian administration. The recent data surprised Eduardo Feinmann. “Since Milei took office, 30 companies have closed per day,” Edu acknowledged on A24.
And this news about FATE made Adrián Ventura do everything possible to avoid blaming the government's policies.
But he couldn't. “FATE closes due to a business decision; all workers will be compensated…," the journalist repeated several times. But after reading the company’s statement, he admitted that the decision was due to "changes in market conditions, the opening of imports, and the invasion of Chinese tires."
The workers, led by Alejandro Crespo, the General Secretary of the Tire Workers Union - who was imprisoned once after protesting - organized demonstrations and warnings for which they were repressed.
Testimony from the workers
A C5N crew approached the company's door to speak with those affected by the decision, who found out about the closure through a notice posted on the factory doors. Type hhttps://www.diarioregistrado.com/politica/cierra-la-historica-fabrica-fate--deja-a-casi-mil-empleados-en-la-calle-y-ventura-no-pudo-evitar-decir-el-motivo_a6995accac471b277c1133647ere...
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