Salvadoran textile industry contracts
They have already lost 4000 jobs in the textile industry, due to the reduction in purchase orders from the United States.
Friday, November 21, 2008
The Chamber of the Textile and Manufacturing Industry of El Salvador reported that the suspension of purchase orders is strongly affecting the sector. This has translated to job reduction.
Honduras will lose a third of the jobs initially estimated for this year in the very important textile industry which has been hit hard due to lower consumption in the US.
The Rincon Grande textile company announced yesterday that it will close its operations plant in the district of Grecia before the end of the year.
Textile companies are optimistic: purchase orders have increased 10% and many jobs have been recovered.
By the end of September 3.445 companies have stopped operating, representing a 15% increase compared with the same period of 2008.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar