Textile companies fire thousands in Honduras
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.
Wednesday, November 19, 2008
"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.
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.
They have already lost 4000 jobs in the textile industry, due to the reduction in purchase orders from the United States.
Due to lack of orders from the US, the company shut down operations, laying-off 500 employees.
By the end of September 3.445 companies have stopped operating, representing a 15% increase compared with the same period of 2008.
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