Tenerías Omega Faces Possible Revival After Bankruptcy Closure as Two Bids Emerge

Tenerías Omega Faces Possible Revival After Bankruptcy Closure as Two Bids Emerge

Four months after the closure of Villatuerta’s Tenerías Omega tannery due to bankruptcy, two offers to take over the business have brought hope for its revival. This could potentially save 40 to 44 of the 77 jobs lost.

Union representatives argue the closure stemmed from poor management rather than a lack of demand, as the tannery reportedly had sufficient work orders. The bids have also paused the redundancy fund process for employees, fueling optimism about the business’s future.

The decision now rests on evaluating these offers and charting a new course for the tannery under more capable management.

Read the original story at La Conceria.

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Arshad

Arshad

He is an engineer specializing in Leather Technology, known for his keen interest in analyzing global leather, footwear, and leather goods markets & his ability to make complex information clear & accessible. 

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Tenerías Omega Faces Possible Revival After Bankruptcy Closure as Two Bids Emerge