50,000 Maquila Jobs At Risk in Honduras

The government and maquiladores are negotiating a rescue plan with the IDB to save some 50,000 jobs.

Friday, June 19, 2009

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."

More on this topic

Honduras: Textile Exports Up 20%

August 2010

Exports of textiles to August rose 20% relative to the same period of 2009.

The director of the Honduran manufacturing industry association AHM, Guillermo Matamoros, commented that in addition to the return of 13,000 jobs in the textile sector so far this year it is hoped that by the end of the year 20,000 jobs will have been created.

Honduran Maquila Recovers Lost Jobs

August 2009

Industry spokespersons report 4.000 jobs recovered in the last few months.

The industry currently employs 110.000 people, said Gullermo Matamoros, representative of the Honduran Maquila Association.

According to Matamoros, "... some symptoms indicate that the U.S. economy's 'free fall' has stopped, a positive sign for increasing exports to this country", reported Tiempo.hn.

Honduran Maquila Exported $800 Million

August 2009

From January to July, the textile industry exported $800 million, in spite of the global economic crisis.

Guillermo Matamoros, textile businessman, informed that the industry employs 110.000 people.

Further comments by the entrepreneur were published in honduran newspaper La Prensa: "It is said that a recovery for the U.S.

24 Maquilas Close in Honduras

April 2009

With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.

Most of the businesses operated in free trade zones or industrial parks. Currently, of the one million square meters available in the the 27 parks and free zones, 250 thousand (25%) are unoccupied.

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