Nicaragua: 54% of Jobs Recovered
In the last six months 25,000 of the 46,000 jobs lost between 2008 and 2009 have been recreated.
Wednesday, August 4, 2010
José Adán Aguerri, president of Nicaragua's Private Business Council (COSEP), indicated that the greatest recovery was seen in free-trade zones and in the farming and construction sectors.
Hansae, a textile company founded on South Korean capital, will later this month open the new "Gilberto Cuadra" industrial park, investing $12 million in equipment.
An announcement about the closing of various plants of the international consortium Nieng Hsing has raised anxieties in Nicaragua's business community about the future of the free trade zone and its 14,000 workers.
The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.
The amount donated by the U.S. is for project "Better Work" which links the application of labor laws and international trade opportunities.
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