Babyliss-Conair Closes Operations in Costa Rica
The company announced for early next year the closing of its manufacturing plant in the country.
Thursday, October 7, 2010
Francisco López Trigo, general manager of the company, told El Financiero that the process, which begun in 2004, has evolved gradually. In the month of December, 100 jobs will be cut from the current 400.Between February and March 2011 the final closing will take place.
Manufacturing industry exports in the first quarter were down from $1.543 billion in 2008 to $1.260 billion in 2009.
The company announced the closure of its Guatemalan production plant in November.
The closure of Maderin Eco, a subsidiary of the multinational pencil manufacturer, has been attributed to the continued and increasing difficulties in competitive wood supply.
Medicines, textiles, melons, palm, foliage and leaves, have experienced significant declines in the value of exports in recent years.
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