Layoffs in the textile industry have been announced after projections of a 10% decline in its exports.
The industry is feeling the impact of the economic recession with a decline in orders from its main market, the U.S., said the president of the Honduran Maquila Association, Daniel Facussé.
An article in Proceso.hn reports that, "according to Facussé, several assembly plants have been forced to make redundancies and others are calling for discontinuations.
The government and maquiladores are negotiating a rescue plan with the IDB to save some 50,000 jobs.
The program estimates that $4.5 million would soften the effects of the economic crisis, as was expressed by Guillermo Matamoros, director of the Honduran Association of Maquiladores (AHM).
Iván Vásquez gathers the statements of the director of AHM for Elheraldo.hn: "This is a contribution by the IDB (Inter American Development Bank) which will avoid job losses....We expect that with these resources some 50,000 workers will not have to be added to the dismissal list as the main effects of the financial crisis are happening."