MercoPress. South Atlantic News Agency

Argentine shrimp catch going through severe crisis

A severe crisis in Argentina's shrimp fishing industry, described as the worst in its history, has left 113 freezer vessels idle, 5,000 workers unemployed, and caused over US$200 million in export losses. The conflict stems from a dispute between fishing companies and unions (SOMU and Simape) over adjusting the Collective Labor Agreement, which ties workers' production bonuses to a 2005 shrimp price of US$12 per kilo. Read full article