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 Association had estimated a loss of 5500 jobs for this year.

Market Intelligence

Everything about textile imports in Honduras.

Top importers - Quantities, amounts and prices.

more info

More on this topic

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.

Salvadoran textile industry contracts

November 2008

They have already lost 4000 jobs in the textile industry, due to the reduction in purchase orders from the United States.

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.

Maquiladora “Products San Jose" Closes in Honduras

March 2009

Due to lack of orders from the US, the company shut down operations, laying-off 500 employees.

The company which is located in the Zip San Jose Industrial Park had laid-off 1,500 workers in 2008 as a product of the US economic crisis.

According to what LaPrensa.hn reported, the picture is not encouraging for the maquila sector in Honduras: "So far in 2009, about 8 thousand maquila workers have been laid off and 1,547 temporarily suspended. Some eight maquilas on the north coast shut down operations and between January 1 and March 6, 11 other industries of this type requested a temporary suspension of their workers. It is estimated that around 300 companies will close in 2009."

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.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Automotive and Industrial Oil Lubricants

OEHC Lubricantes cover the automotive, maritime, heavy equipment, industrial, agriculture sector and greases.
Minimum quantity one 40 FT Container (96 drums of 55 Gal...


Stock Indexes

(Mar 23)
Dow Jones
S&P 500


(Mar 24)
Brent Crude Oil
Coffee "C"