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Timeline of a Fall: the Three Moments that Led to the Definitive Closure of Fate
16 Articles
16 Articles
A tour of the crisis that has been going on for more than three decades and deepened with the preventive process in 2019, followed with the opening of the 2024 importer and a similar request, ended with the news of the cessation of the plant in San Fernando
The closure of the Fate plant in San Fernando, after more than eight decades of production of radial tyres in Argentina, reveals multiple questions about the present and future of the industry. Behind the decision to cease operations and fire 920 workers, there is a complex plot that combines market factors, union tensions, changes in the commercial environment and public policies that impact on local competitiveness.The closure of the Fate plan…
The closure of the tyre manufacturer Fate was notably influenced by the ferocious import coming particularly from China, forcing the domestic industry to reduce prices and lose a significant profit margin. The crisis in the company broke out markedly with the import of tires registered in the last two years, as part of the commercial opening that allowed the management of the president ...
FATE’s staff remain at the plant and report that the company will not take the decision back. Victor Ottoboni, a 21-year-old employee and affiliated with SUTNA, confirmed that they have remained at the factory since they learned of the business decision. “We stayed here at the plant. We spent the night and now an assembly is developing to define how to continue,” Ottoboni explained to “Breakfast with News.” The worker told that the news was know…
The tire company Fate closed its doors and fired 920 workers. The production crisis intensified with the opening of imports.
Luis Majul Mocked the Closure of Fate that Left Almost 1000 Unemployed: "They Will Get a Parripollo"
In line with the government's gaze, the journalist ironized that he wanted to "measure two meters" to justify that "things happen" and went out to justify the dismissals while delining the government from political responsibilities.
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