Complex situation in traditional Argentine shoe brand

After the failure of the Crisis Preventive Procedure requested by GRIMOLDI before the Ministry of Work, the company dedicated to the manufacture and marketing of footwear, would implement a 10% reduction in its workers' plant. In this sense, layoffs were made at the points of sale, with 50% of the compensation or a payment plan to reach 100% of the compensation.

Among the reasons given by the company are the higher costs of imported footwear and lower market demand.