Argentina considering criminal penalties in U.S. firm’s plant closure
RR Donnelley & Sons abruptly shuttered Argentina plant this week, cited "insurmountable crisis"
BUENOS AIRES, Argentina—The government of Argentina is seeking criminal penalties against representatives of a United States-based global printing company that abruptly shuttered a plant in the South American country this week.
President Cristina Fernandez says the closing was not justified and contends representatives of RR Donnelley & Sons Co. may have violated an anti-terrorism law by attempting to undermine Argentina’s economy.
A company spokesperson in the U.S. did not respond to a request for comment.
Fernandez accused the company of collaborating with foreign investors whose legal battle with the government triggered a July 30 default.
Workers at the RR Donnelley printing plant on the Buenos Aires outskirts showed up this week to find a note informing them the facility was closed due to an “insurmountable crisis.”
About 400 workers lost their jobs.