Argentina president says government seeks criminal penalties in US company's plant closure

MarketsAssociated Press

The government of Argentina is seeking criminal penalties against representatives of a U.S.-based global printing company that abruptly shuttered a plant in the South American country this week.

President Cristina Fernandez says the closing was not justified and contends representatives of RR Donnelley & Sons may have violated an anti-terrorism law by attempting to undermine Argentina's economy.

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A company spokeswoman in the U.S. did not respond to a request for comment.

Fernandez accused the company Thursday of collaborating with foreign investors whose legal battle with the government triggered a July 30 default.

Workers at the RR Donnelley printing plant on the Buenos Aires outskirts showed up Monday to find a note informing them the facility was closed due to an "insurmountable crisis." About 400 workers lost their jobs.