He Government Argentine government, led by President Javier Milei, has made a significant decision regarding the restructuring of the Mint and the definitive closure of the former Ciccone Calcografía, now known as Compañía de Valores Sudamericana.
This measure of Government was announced by presidential spokesperson Manuel Adorni during a press conference at the Casa Rosada on Thursday. Adorni explained that the Mint, a state printing company in charge of manufacturing banknotes, passports, car license plates and stamps, has been identified as an entity with “severe inefficiencies.”
According to the spokesperson, the poor administration of the previous management has led to a waste of resources, accumulating debts amounting to 371 million dollars, a negative equity of 78 million dollars and a negative gross result of 20.5 million dollars.
Furthermore, Adorni criticized the decision of the government Kirchnerista of not issuing higher denomination banknotes since 2020, which forced the country to spend 4.7 billion dollars on the importation of banknotes to satisfy domestic demand.
This situation, according to the spokesperson, is a clear example of the inefficiency and waste that characterized the previous administration. The decision to close the former Ciccone and restructure the Mint has generated a strong reaction from workers and unions.
The Association of State Workers (ATE) has organized protests in front of the central building of the Mint to resist the measure and defend the 1,500 jobs that are at risk. Rodolfo Aguiar, general secretary of ATEwarned that if progress is not made in the meetings with officials, they will resume protest actions.
Restructuring
He Governmentfor its part, has proposed a dialogue table to address the situation of workers and seek solutions that minimize the social impact of the measure. However, tension between the Executive and the unions remains high, and new mobilizations are not ruled out in the coming days.
The restructuring of the Mint and the closure of the former Ciccone have generated a wide debate in the political and social sphere. Opponents of Milei’s government have criticized the measure, calling it another step in the dismantling of the State and a loss of national sovereignty.
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