The airline reported that it will reduce its payroll in the country, as part of the process of organizational restructuring and routes that began this year.
Without specifying the number of employees who will be laid off, Avianca reported that it plans to restructure its operations in the country. This announcement comes in the context of the recent cancellation of routes that the airline operated from other countries in the region.
Panama Ports Company has stated that due to the unfavorable trend registered by the national maritime industry, the company is carrying out organizational changes in order to continue operating.
From a statement issued by Panama Ports Company:
It is difficult for us to send this communication, faced with such a painful decision, against our will.
The plastics company is in the hands of its creditors, who will form a new board that will focus on restructuring the company in order to sell it within two years.
The Inter-American Development Bank has warned that it will make conditional a loan of $419 million for the 2016 on restructuring of the Tax Administration and adoption of anti-corruption measures.
The loans granted by institutions such as the Inter-American Development Bank (IDB) and the World Bank to Guatemala are in danger if key transparency aspects relating to the functioning of the Superintendency of Tax Administration (SAT) are not restructured, as well as the Law on Procurement and Contracting State.
A missed deadline has been missed on an issue of $4 million that was part of the restructuring of bond issues and securities made by the financial company La Generosa.
The restructuring of the financial company managed by businessman Jose Luis Ford failed to materialize and now the holders of bonds and securities issued by financial La Generosa will have to wait for the settlement of guarantees administered in a trust before they can recoup their investment.
The Panamanian company whose emissions were suspended in September 2014, has amended the terms of its bonds for $8 million, extending the deadline to 2019 and agreeing to pay principal and interest in tracts.
From the resolution issued by the Superintendency of Securities:
"... Single Article: The amendment to the terms and conditions of the issuance of corporate bonds for an amount of $8 million, approved by Resolution No.
Bekaert and ArcelorMittal will be investing $20 million in a new plant for steel fibers to produce 20 thousand tons a year.
As part of a share restructuring process, looking for a new business configuration in Latin America, partners of ArcelorMittal, the global steel and mining company and Bekaert, a leader in the transformation of steel wire, have announced the installation of a new plant for the steel fiber Dramix ®, with plans to begin production in the second quarter of 2014.
The appliance maker has announced it will stop manufacturing ovens in Costa Rica and the gradual dismissal of 350 employees.
From a press release issued by Mabe:
Heredia, May 6, 2014. In order to provide greater benefits to our consumers, MABE will make available to the market products with better features and which are more competitive globally.
Members of the Transactions Unit can decide to prevent the entry of certain operators and replace them with another more expensive ones, in order to raise the price of energy.
"At the request of the General Superintendency of Electricity and Telecommunications (Siget), the Superintendencia de Competencia (SC), analyzed the current conformation of the Transactions Unit (TU) and concluded that it must "remove control" possessed by participants in the wholesale market in making decisions about its management,", noted an article in Elmundo.com.sv.
Holders of bonds issued by Newland International Properties Corp. are willing to become partners in the project because the developer does not have the necessary capital for the next repayment.
On November 15, Newland International Properties Corp., developer of Trump Ocean Club International Hotel & Tower, is due to pay $31 million in amortization of capital to holders of bonds issued to finance the Trump Ocean Club.
The multinational company closed the starter area, resulting in the loss of 200 jobs.
According to the article on elfinancierocr.com: "The move is related to the global financial crisis and the negative effect that it has had on the fluctuation of demand by consumers, the fall in the global economy and the shift in the business panorama."
The dental products company Align Technology will expand its operations in Costa Rica with a organizational services center
As part of a restructuring program, the company will create an organizational services center that will consolidate customer services, accounts receivables, credits and charges, and other operations.
IN Costa Rica the company is operating since 2002, employing 670 dental technicians and support personnel.
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...