Nicaraguan Free Trade Zones on the Decline

The closing of textile companies in the Free Trade Zones in the last three years has led 28 thousand people to unemployment.

Thursday, April 23, 2009

In 2006, 3 companies closed and laid off 1,401 employees. During 2007, 1,314 jobs were lost with the closing of 3 other maquilas.

During 2008, Nieng Hsing consortium closed in the first half of the year, laying off 14,527 workers. In the second half, eight more maquilas closed, finishing the year with 19,560 lost jobs in total.
Data published in the Elnuevodiario.com.ni website come from research on the behavior of the textile apparel companies in Free Trade Zones, conducted by the Movement of Working and Unemployed Women "María Elena Cuadra."

More on this topic

More Maquilas Close in Honduras

March 2012

The closure of operations of three other maquila companies is due to the 6% increase in the minimum wage agreed between government and labor unions.

Three U.S. maquila companies closed last month in Honduras, which means the loss of 4,000 jobs, said Evangelina Argueta of the General Confederation of Workers (CGT).

Another Clothes Factory Closes in Honduras

February 2012

The closure of another maquila center, due to low orders in the world market, means 500 people will be made unemployed.

Oscar Galeano, representing the Chamber of Commerce and Industry of Cortes (CCIC), lamented the closure of this maquila company in the previous week, due to the low level of purchase orders from abroad, reported Proceso Digital.

Nicaragua: Possible Closing of Five Maquilas

April 2009

Five Free Trade Zone companies have applied for temporary suspensions and, with these five, it would be seventeen that have already been affected in the first quarter of the year.

Among the applicants are Arnecom S.A., Clypso Apparel S.A., Santa María, Atlantic and Yutex S.A.

24 Maquilas Close in Honduras

April 2009

With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.

Most of the businesses operated in free trade zones or industrial parks. Currently, of the one million square meters available in the the 27 parks and free zones, 250 thousand (25%) are unoccupied.

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