The dairy cooperative SanCor, after one year of a judicial process in Rafaela, Santa Fe, has had its financial claims scrutinized by authorized accountants. A total of 1,506 creditors have formally requested payment recognition during this preventive competition phase, which reveals a significant discrepancy from the initially reported 2,702 creditors by the cooperative. The detailed verification report outlines that the total liabilities amount to over $195.158 million Argentine pesos (approximately US$138.9 million), encompassing various types of debts including labor, commercial, financial, and taxation claims.

The report, prepared by accountants Juan L. Tomat, Oscar L. Epstein, and Ignacio M. Pacheco Huber, provides a breakdown of the submitted claims and clarifies which claims have been accepted. This review process is crucial for SanCor as it seeks to navigate through its financial troubles and address its obligations towards creditors, particularly labor claims, which account for more than 70% of the total debts. The findings highlight the scale of SanCor’s financial issues, which could have broader implications for employee livelihoods and the dairy industry in Argentina.

SanCor's situation underscores a growing trend of financial distress within cooperative structures in Argentina, particularly in the agricultural sector that has been hit hard by various economic challenges. The pending resolution of this case could set a precedent for other cooperatives, shaping future financial dealings and labor relations. Stakeholders remain anxious about the outcomes, which will significantly impact employees and the overall market dynamics in the dairy economy of the region.