The Americas | Argentina's collapse

Under workers' control

How some Argentines are saving their jobs

|buenos aires

WHEN sacked workers at Ghelco, a bankrupt maker of ingredients for ice cream, discovered earlier this year that the firm's owners were selling its assets, they put up a tent and started camping outside their former workplace in protest. Two months later, their campaign bore fruit, when the court handling the bankruptcy hearings leased the factory to them for a peppercorn rent. Now, minus the managers who accounted for a third of Ghelco's 90 employees, the factory is working again.

This article appeared in the The Americas section of the print edition under the headline “Under workers' control”

By George!

From the November 9th 2002 edition

Discover stories from this section and more in the list of contents

Explore the edition

Discover more

Close up of  Javier Milei.

Entrevista con Javier Milei, presidente de Argentina

Transcripción de su encuentro con nuestro corresponsal

Javier Milei speaks into a microphone.

An interview with Javier Milei, Argentina’s president

A transcript of his meeting with our journalist


General Motors Ramos Arizpe plant, in Ramos Arizpe, Coahuila State, Mexico

Mexico and Canada brace for Donald Trump’s tariff thrashing

Mexico’s Claudia Sheinbaum and Canada’s Justin Trudeau are taking different approaches to looming trade war


Javier Milei, free-market revolutionary

Argentina’s president explains how he has overturned the old economic order

Is Uruguay too stable for its own good?

The new president must deal with serious problems with growth, education and crime

Bolsonaro’s bid to regain Brazil’s presidency may end in prison

Brazilian police have accused some of his backers of involvement not just in a coup, but in an assassination plot