Unpredictable Minimum Wages Kill Jobs
The cost of labor is critical for textile companies which migrate from Honduras to El Salvador and Nicaragua, where wages are lower.
Wednesday, March 9, 2011
Daniel Facussé, president of the Honduran Manufacturers Association (AHM), states that 16 textile companies have moved their operations from Honduras to Nicaragua and El Salvador since the end of 2008.
Competition is heating up in Central America for labor in sectors such as agriculture, construction and domestic service.
The human resources consulting firm Manpower will hold its first regional employment fair April 24-26. It hopes to fill 400 vacancies for technicians and professionals for its local and international clients.
29 new foreign investment projects in high technology services, medical devices and advanced manufacturing.
Between January and July 2013 there were 159,866 new labor contracts, marking a growth of 14%.
The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
Membership is intended for UK and Central American companies which already have, or are looking to develop, trade and investment activities in their counterpart region.
The Council offers its members an unrivalled programme of activities including invitations to round-table events, seminars and commercial missions, as well as market intelligence.
For more information, please visit http://centralamericanbusinesscouncil.org/ or contact our office in London on tel. 0044 207 583 8739
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