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Fate Announced Its Definitive Closure: the Historic Argentine Tyre Brand Will Fire Its 920 Employees and Stop Producing

Summary by Infobae
The Argentine brand of the Madanes Quintanilla family has 80 years of life. It is the first large company to abandon its activity in recent years. According to relatives, all workers will be compensated

45 Articles

Lean Right

By Débora Rey, Buenos Aires (AP) — As the government of ultraliberal President Javier Milei and union leaders in Argentina prepare for a final showdown this week over labor reforms aimed at radically altering labor relations, the country's only domestic tire manufacturer announced its permanent closure and the dismissal of nearly 1,000 workers on Wednesday. Fate (Fábrica Argentina de Telas Engomadas), located in the Buenos Aires province town of…

·Boston, United States
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Far Left

From the union they linked the measure with the political and economic context, marked by the eventual approval of the labor reform and the dismantling of the industrial sector

Lean Right

For the dismissal of 920 employees of the tire factory there are workers protesting on the roof of the San Fernando plant. The union called on other unions to protest the closure, and did not rule out taking the place.I followed all the news about the closure of Fate in the minute-to-minute coverage of Clarín.

·Buenos Aires, Argentina
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Lean Right

The firm will stop manufacturing in Argentina at its San Fernando plant and will, it confirmed, fire some 920 employees

·Buenos Aires, Argentina
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InfobaeInfobae
+2 Reposted by 2 other sources
Lean Left

The Argentine brand of the Madanes Quintanilla family has 80 years of life. It is the first large company to abandon its activity in recent years. According to relatives, all workers will be compensated

·Buenos Aires, Argentina
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The historic tyre manufacturer announced the closure of its industrial plant in . This was its relationship with River as the first sponsor in one of the most glorious times of the club. Fate, the historic Argentine tyre manufacturer, announced on Wednesday the closure of its production plant in Virreyes, San Fernando, and the dismissal of 920 workers. The company put an end to its actions in the country after more than 80 years, when it knew ho…

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Infobae broke the news in Buenos Aires, Argentina on Wednesday, February 18, 2026.
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