jobs unemployment job loss Employment temporary employee suspension Industry unemployment rate Economics Instituto Salvadoreño del Seguro Social Salvadoran Industry Association Textile Industry Alejandro Ceballos C&C Industries Ltd. Central Reserve Bank of El Salvador Costume and Textiles Guatemalan Commission (Vestex)

Salvadoran Industry Lost 18.000 Jobs in 2009

The manufacturing industry of El Salvador was the hardest-hit by the global economic crisis.

Tuesday, December 15, 2009

The textile industry was the worst performing, losing 14.000 jobs, followed by the food industry (1.600 jobs), pharmaceutics, rubber, minerals and iron.

A report developed by the Salvadoran Industry Association (ASI) states: "As for production, industry will close 2009 with a 2.5% drop, in line with GDP projections...".

Source: elsalvador.com

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Key entities

Salvadoran Industry Association

Countries

El Salvador

Insight

Industry jobs unemployment job loss Industry

El Salvador: 39.000 Jobs Lost in 2009

August 2009

Industry and the private sector are the most affected, according to the Salvadoran Social Security Institute.

Victoria de Avilés, Labor Minister, remarked that "there is a loss of jobs, and by the end of the year it could increase to 55.000...".

"Job losses has been exacerbated by the economy's 'low dynamism', with sectors like commerce reporting considerable less sales", publishes Laprensagrafica.com.

Salvadoran Tourism Lost 1.300 Jobs

August 2009

Most of the jobs lost have been in the transport, restaurant and hospitality sector.

Stats from the Salvadoran Social Insurance Institute show that 42.444 people worked in the tourism sector in 2008. This number stands now at 41.064 workers, a 3.3% drop.

"Jobs in the food and beverage sector have adjusted to reality, as restaurants have now less customers", said Pedro Dalmau, president of the Restaurants Association of El Salvador, when interviewed by newspaper La Prensa Gráfica.

Guatemalan Textile Industry Lost 18,000 Jobs

February 2009

The 30% contraction in exports during the month of January affected the workforce directly with a reduction of 18,000 jobs.

Alejandro Ceballos, President of the Garment and Textiles Commission (Vestex) informed Prensalibre.com: "In five years, we have lost 60,000 jobs.

6.000 jobs lost in industrial and construction sectors in Costa Rica

January 2009

By November 2008 the industrial reported 1.200 less workers than October 2008, and 4.800 less in construction.

Nacion.com reports: "The employment contraction coincides with the slowdown in the production and the 0.5% fall registered in November 2008 compared to November 2007, according to the monthly index of economic activity.