Argentina shoe industry collapses: 240 factories closed, 10,000 jobs lost

Argentina's shoe manufacturing sector has contracted sharply, with 240 factories closing and 10,000 jobs lost, leaving only 6,000 workers nationwide. Sales have dropped 40-50%, and distressed inventory is being sold at steep discounts to cover debts and wages, indicating severe financial strain. The closures reflect broader economic weakness and may signal further deterioration in domestic manufacturing and employment.

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