The survey conducted by Manpower shows that 7 out of 10 companies have frozen hiring and that 1 in 10 are planning staff reductions.
According to what was published in Elperiodico.com.g, the Manpower "Employment Expectation Survey" revealed: "Only 12% of the 620 employers surveyed plan to hire staff during the April-June quarter against 13% that anticipate layoffs, a net tendency of -1%.
Yu Jin is the second textile company closing during the course of 2009 in Nicaragua, leaving at least 500 people unemployed.
Cone Denim textile from the US was the first textile company to formalize its closing when it requested a temporary, 14-month closing at the end of March due to the suspension of orders from United States. The closing sent 800 people to the ranks of the unemployed.
The closing of the U.S. company because of the economic crisis sends 800 workers to the ranks of the unemployed.
The company, which had announced a temporary closing for a couple of weeks, requested a temporary closing of 14 months from the Ministry of Labor.
The Elnuevodiario.com.ni website published: "The board of directors of Cone Denim Nicaragua, located in Ciudad Sandino, confirmed the information through a press release in which they explained that the decision to close operations in the country was made due to the global economic crisis and the slowdown in the supply chain."
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