In the red, Heringer closes units and 60 MS employees lose their jobs – Economy

The Brazilian company Fertilizantes Heringer announced Thursday (31) the closure of several of its factories and distribution centers in the country, including its unit located in Dourados, 233 km from Campo Grande.

As agreed for the report, at least 60 employees who worked in the premises of the company, which is on the bank of BR-163, out of Caarapó, lost their jobs.

Unofficial information reveals that the unit was no longer functioning on Thursday (31). The closures are part of a "restructuring" plan designed to cope with the company's high debts, two sources told Reuters.

Heringer, one of the largest companies in the Brazilian fertilizer market, reportedly sent a message today to workers in at least 10 factories, including factories and regional offices, warning that they would do the same. 39, subject to a closure, according to a message received by Reuters [19659002] The officials of these units would of course be dismissed. Only in a unit of the city of Paranaguá, PR, 200 employees were dismissed. Heringer employs about 3,000 people in the country. It has not been announced how many of them would lose their jobs.

In the message, CEO Dalton Carlos Heringer said the restructuring had become necessary after some creditors had secured a favorable court ruling, allowing them to freeze bank accounts to secure debt repayment . The Heringer Press Office did not confirm the information.

In the red – Heringer had a debt of 2.9 billion reais until the end of the third quarter, according to his release. the results. Prior to the closures, Heringer owned 16 plants producing fertilizer from imported materials and a sulfuric acid plant, as well as regional offices in major agricultural areas of Brazil, such as the Midwest and Matopiba.

The company has the capacity to process 6.2 million tons of fertilizer per year, used in various types of crops, including soybeans, corn, cotton, coffee and sugar cane.
The Heringer Shares Disclaimers – In a statement to the market on Thursday (31), the company said that Rodrigo Rezende and Pedro Augusto Ferreira, respectively CFO and Supplies and Logistics, have submitted applications for resignation.

The president of the company, Dalton Carlos Heringer, will temporarily appoint the chief financial officer. Alfredo Fardin will take care of the logistics. The statement makes no reference to restructuring or closing down units.