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


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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

More on this topic

Scotiabank Cuts 200 Jobs in Costa Rica

February 2009

The bank announced that the measure is necessary in order to lower costs in the face of the difficult economic situation.

The institution bought Interfin Bank two years ago and, with it, a great number of branches, some of them less than two kilometers away from one another.

$2 mlllion Fine for Monopolistic Concentration

August 2011

Following the purchase of the Costa Rican company Atlas, the Mexican group Mabe has near total monopoly of the household appliances sector.

The Commission to Promote Competition in Costa Rican’s Ministry of Economy, found that after the acquisition of Atlas, there was a 'prohibited concentration", according to the law to promote competition and consumer protection.

Layoffs in Costa Rica: Wal-Mart, Scotiabank and Florida

March 2009

Florida Beverage laid off 136 people, Wal-Mart 60 people and Scotiabank 10% of its payroll, as measures to face the economic crisis.

At Wal-Mart, the lay offs were in administrative levels, as part of the 200 jobs that it reduced at a regional level. The company, however, plans to create 1000 jobs in the region through the opening of 22 new stores.

Unemployment in Costa Rica Remains at 10.4%

September 2013

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.

From a press release issued by the National Institute of Statistics and Census (INEC):

The Costa Rican labor market shows stability between the second quarter of 2012 and the same period in 2013, when the net rate of national labor participation remained at 62.7% of the working age population. While men maintain a rate of 76%, the participation rate of women has wavered between 48% and 49% for more than a year, when it increased its share.

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