Argentina's Vicentin Faces Nationwide Strike Amid Wage Dispute

Argentine oilseed workers plan a nationwide strike against soybean processor Vicentin over wage disputes. The SOEA union initiated strikes at Vicentin's plants, with the Federacion Aceitera joining. Vicentin attributes its partial wage payments to financial difficulties amid ongoing bankruptcy proceedings, highlighting Argentina's economic challenges in its soybean export sector.

Argentine oilseed workers are set to initiate a nationwide strike on Wednesday against soybean processor Vicentin, following unresolved wage disputes. A union leader confirmed the move, which will impact plants across the country.

Initially, the SOEA union launched strikes at Vicentin's San Lorenzo and Ricardone facilities, where employees are receiving only a fraction of their wages. The Federacion Aceitera organization plans to join the action, signaling an indefinite cessation of work.

Vicentin, once Argentina's top soybean processor, has been embroiled in bankruptcy proceedings since 2020. An internal company document reveals it could only pay 30% of February wages due to a 'critical financial situation.' No immediate response from the company was available concerning the ongoing labor dispute.

(With inputs from agencies.)