Mabe cuts jobs in Costa Rica
The Mexican appliance company, Mabe, that bought out the Costa Rican company, Atlas appliances, last February, cut back on employment in the country.
Tuesday, November 11, 2008
Diego Ariñano, General Manager of the company for Central America, confirmed that the decision was caused by decreased demand for appliances as a result of the world economic situation
The bank announced that the measure is necessary in order to lower costs in the face of the difficult economic situation.
Following the purchase of the Costa Rican company Atlas, the Mexican group Mabe has near total monopoly of the household appliances sector.
Florida Beverage laid off 136 people, Wal-Mart 60 people and Scotiabank 10% of its payroll, as measures to face the economic crisis.
The net rate of national labor participation remained at 62.7% of the working age population, the same as it was in the second quarter of 2012.
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