Chiquita reached an agreement in April with its union SITRACHILCO to sell one of Chiquita's two operations in Panama, PAFCO, to a cooperative. PAFCO currently employs over 3,000 workers. Details of the agreement are still being negotiated but in essence it divests Chiquita of a money-losing operation and puts the future of the workforce in the hands of a worker cooperative which will sell its product to Chiquita. The general secretary of the union is also president of the cooperative. Chiquita had said that the only other option was to shut down the plantations completely.
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