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.
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.
They have already lost 4000 jobs in the textile industry, due to the reduction in purchase orders from the United States.
Mondelēz International is closing its operations causing businesses in the productive sector to reaffirm their concern over the country's loss of competitiveness.
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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