Crisis in the textile industry: a traditional factory in Mar del Plata requested bankruptcy

“In the framework of the profound transformation that the Argentine economy is going through and in the face of the general contraction of consumption that affects the national productive sector, the firm Textilana SA reports that it has requested the opening of a rearrangement process (preventive bankruptcy)”.

“This measure, taken with the maximum institutional responsibility, seeks to guarantee the full operability of our industrial structure and protect the value of our brand. With this purpose, we seek to ensure full supply of merchandise to all our customers,” they added.

Sources of The company indicated that the Mar del Plata plant is operational. At the end of last year Textilana decided to suspend its 175 workers until March 30, during which period employees received 78% of their salaries. The activity resumed on April 1.

“We understand that the current macroeconomic context requires firm decisions to ensure long-term sustainability and fulfillment of our business commitments. We reaffirm our confidence in the country and our vocation for more than 45 years producing Argentine quality, adapting our processes to the new efficiency demands that the global and national market demand today,” concludes the statement distributed by the company.