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920 Jobs Lost as Fate Tyre Plant Closes Amid Crisis

2/19/2026

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Story summary
  • Fate, Argentina's tyre manufacturer, shut its plant in Buenos Aires Province, causing 920 job losses.
  • The closure stems from an industrial crisis worsened by President Javier Milei's trade liberalization increasing imports and reducing domestic prices.
  • La Unión Industrial Argentina expressed concern about the closure's impact on workers and local economies.
  • The Confederación General del Trabajo (CGT) called a general strike over Milei's labor reform bill, and protests are expected.