Due to a reduction in the volume of cargo handled, the international land transport company GASH has reduced its staff by 65 workers.
The company founded on Costa Rican capital argues that the volume of cargo handled has reduced in the last three months. GASH Transport International SA has been operating in the market for land transport at national and regional level for 60 years, and also has a terminal in Nicaragua.
The company has announced the phased closure of the operation in the country and the laying off of 1,500 workers over a period of 9-12 months.
In addition to the service center specializing in finance and technology in Costa Rica, the U.S. bank will also cease operations in the Philippines and Mexico, as part of an overall process of re structuring of the company.
Federico Carrillo, executive vice president and general manager of the International Bank of Costa Rica, has been dismissed by the Board.
Through a press release, the Bank reported that "the dismissal of Mr. Carrillo Zurcher is based on a loss of confidence by the Board, due to the failure to control some of Bicsa's financial operations, namely swaps" .
The multinational has reached an agreement with the main Honduran labor union to create a $1.54 million relief fund to help workers made redundant.
Two factories that supplied NIKE were forced to close in January 2009 and still owe $2 million in salaries and benefits to 1,800 employees, an insignificant amount compared to its $19 billion revenues last year.
While Costa Rica’s state-owned banks are hiring more employees, those in the private sector cut back their workforce in first five months of 2010.
State-owned Banco Nacional and Banco de Costa Rica stated that the increase comprises temporary positions for vacation and sickness cover, in addition to some short-term contracts for specific projects.
In the face of a 20% to 30% decrease in the demand for cement and concrete, the multinational closed five of its concrete plants.
Of the three production lines that Cemex has in Costa Rica, cement, concrete and aggregates, the concrete sector has been hardest hit by the crisis. With the closing of the 5 facilities, there are only 3 left operating.
The Fruit of the Loom textile company halted operations at one of its 7 plants, temporarily suspending 25% of its personnel.
The chairman of the Salvadoran Chamber of Textiles and Apparel reported to La Prensa Grafica that the decline in operations is due to "Fruit of the Loom clients being overstocked with product and adjusting inventories.”
Maranco Belize offer fast reliable service, modern equipment, competitive rates, 70 year experience worldwide whether your needs are for farming, industrial, private house lots, community projects. We have drilled successful water wells producing fresh...
Industrias Gabriela is a non-woven textile manufacturing company located in Tegucigalpa, Honduras, Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (504) 229-0072