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.

They still have no data on the number of cuts, but some preliminary figures were given: at Incas S.A., 2500 jobs were lost; at El Pedregal, 1000; and at Primo, 400.

More on this topic

Positive Signals for Salvadoran Textile Industry

March 2010

Textile companies are optimistic: purchase orders have increased 10% and many jobs have been recovered.

Patricia Figueroa, head of the Salvadoran Textile Industry Chamber, explained that some companies are now investing as the market recovers.

“One of Fruit of the Loom’s production plants, closed last year, has reopened, and three new facilities from other companies have started operations.

3.400 companies close their doors in Guatemala

October 2009

By the end of September 3.445 companies have stopped operating, representing a 15% increase compared with the same period of 2008.

The Superintendencia de Administración Tributaria (SAT), the tax and revenue service in Guatemala modified the necessary steps that a company needs to follow in order to close its doors, with the purpose of easing the procedure.

Textile company to close factory in Costa Rica in December

November 2008

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.

Rodolfo Molina, owner of the company and president of the Textile Chamber of Costa Rica (Cateco), said that the decision was taken due to the delays in approving and starting the FTA with the US, the Isthmus and the Dominican Republic.

Textile companies fire thousands in Honduras

November 2008

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 loss of jobs is estimated to be between 12000 and 15000 for 2008. Between August and October, we have lost some 9100 jobs in the textile industry," said the president of the Association of Honduran Maquilas, Daniel Facusse, to the press.

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