Uruguay's largest fish processing plant suspends activities: 960 workers redundant

Tuesday, August 18th 2015 - 08:38 UTC

Full article 4 comments

Uruguay's largest fish processing company Fripur, generating half of the exports in the country's sector, will lay off 960 workers and suspend its activity from Aug. 19, after falling into administration, it was reported in Montevideo. Read full article

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ChrisR
'No Money' Pepe failed to keep the factory going!

Oh dear, economic reality, even in a commie led government as we have in Uruguay eventually has to be faced.

We have already paid this bunch who are 'close' to the murdering commie bastard U$D40 in 'loans' which since the company has gone bang may well not be paid back.

The children who run this lovely country of ours just cannot face having to make the correct decisions, even if they know what those are.

It's a downright shame, the company produced very good products which both my wife and I have enjoyed since coming here.
Aug 18th, 2015 - 11:23 am - Link - Report abuse 0
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ynsere
What a coincidence! Fripur goes bankrupt right after Mujica's administration hands over to Vázquez.
Aug 18th, 2015 - 08:40 pm - Link - Report abuse 0
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KenPrice
Why is a surprise to anyone when the labor unions make unreasonable demands, leading to the bankruptcy of another (formerly) profitable company? Labor unions, especially in Uruguay, have little understanding of basic economics, and believe that the people running a company have access to bottomless reserves of capital. The only surprise is that ANYONE would invest in a country with such a system.
Aug 19th, 2015 - 01:04 am - Link - Report abuse 0
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ChrisR
@ 3 KenPrice
“The only surprise is that ANYONE would invest in a country with such a system.”

In real terms nobody does invest and since the stupid idiot of a judge signed the devil's pact with The Dark Country allowing unfettered access to bank accounts held by Argentines, even if they are living here.

We have lost a commercial Bank already: they had just had enough of the children in charge making nonsensical arbitrary decisions.
Aug 19th, 2015 - 12:56 pm - Link - Report abuse 0
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