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.
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.
The closure of another maquila center, due to low orders in the world market, means 500 people will be made unemployed.
With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.
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.
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