Guatemalan Employers Foresee More Layoffs

The survey conducted by Manpower shows that 7 out of 10 companies have frozen hiring and that 1 in 10 are planning staff reductions.

Wednesday, March 11, 2009

According to what was published in, the Manpower "Employment Expectation Survey" revealed: "Only 12% of the 620 employers surveyed plan to hire staff during the April-June quarter against 13% that anticipate layoffs, a net tendency of -1%. Of the 620 companies surveyed, 73% will not make payroll changes and 2% are undecided."

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Unemployment in Costa Rica Remains at 10.4%

September 2013

The net rate of national labor participation remained at 62.7% of the working age population, the same as it was in the second quarter of 2012.

From a press release issued by the National Institute of Statistics and Census (INEC):

The Costa Rican labor market shows stability between the second quarter of 2012 and the same period in 2013, when the net rate of national labor participation remained at 62.7% of the working age population. While men maintain a rate of 76%, the participation rate of women has wavered between 48% and 49% for more than a year, when it increased its share.

Guatemala: Demand for Managerial Positions Increases

March 2009

Due to pessimism and in anticipation of eventual layoffs, the Guatemalan managerial ranks increased their search for alternative jobs.

According to the Executive Director of AMCHAM (Guatemalan-American Chamber of Commerce), Carolina Castellanos, the base of applicants for management positions that it maintains to support its associates grew in the sector of executives in search of jobs from 2% in December 2008 to 20% in March 2009.

Layoffs in Costa Rica: Wal-Mart, Scotiabank and Florida

March 2009

Florida Beverage laid off 136 people, Wal-Mart 60 people and Scotiabank 10% of its payroll, as measures to face the economic crisis.

At Wal-Mart, the lay offs were in administrative levels, as part of the 200 jobs that it reduced at a regional level. The company, however, plans to create 1000 jobs in the region through the opening of 22 new stores.

ILO expects more unemployment in the region

January 2009

According to the latest report from the International Labour Organisation (ILO) less jobs will be created in 2009 due to the economic crisis. reports: "With growth forecasts of between 2% and 3% compared to the 5% average for the last five years, "the generation of jobs will be not be enough to meet the demand for labor and, hence, the levels of unemployment will probably increase" in the region, according to the Labor Panorama 2008 report".

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