Major automaker to cut thousands of jobs, shutter five plants on Europe auto crisis
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Plantium, a Santa Fe-based company, is in a critical financial situation due to falling sales, collection problems, and halted machinery investment. After layoffs, it agreed to pay employees and aims to reinvent itself with a reduced workforce of 60-70 people. The development signals ongoing corporate distress in Argentina's industrial sector, though the company's survival strategy remains uncertain.
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