Textile company to close factory in Costa Rica in December

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.

Friday, November 21, 2008

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.

With the close of the factory, which has its main offices in Pavas, San Jose, close to 300 people will lose their jobs.

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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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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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