Nicaragua: Possible Closing of Five Maquilas

Five Free Trade Zone companies have applied for temporary suspensions and, with these five, it would be seventeen that have already been affected in the first quarter of the year.

Tuesday, April 28, 2009

Among the applicants are Arnecom S.A., Clypso Apparel S.A., Santa María, Atlantic and Yutex S.A. reported statements by Miguel Ruiz, General Secretary of the Central Workers’ Union, José Benito Escobar: "The committee, made up of representatives of trade unions, entrepreneurs and the Ministry of Labor, met to consider the above-mentioned requests and the closure cases. We are studying the issue of the crisis with at least five companies that are requesting temporary suspensions and personnel reductions, arguing that they do not have purchase orders, so there's no work. This is something that puts the Nicaraguan employment situation in a greater crisis."

More on this topic

More Maquilas Close in Honduras

March 2012

The closure of operations of three other maquila companies is due to the 6% increase in the minimum wage agreed between government and labor unions.

Three U.S. maquila companies closed last month in Honduras, which means the loss of 4,000 jobs, said Evangelina Argueta of the General Confederation of Workers (CGT).

Another Clothes Factory Closes in Honduras

February 2012

The closure of another maquila center, due to low orders in the world market, means 500 people will be made unemployed.

Oscar Galeano, representing the Chamber of Commerce and Industry of Cortes (CCIC), lamented the closure of this maquila company in the previous week, due to the low level of purchase orders from abroad, reported Proceso Digital.

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.

Nicaraguan Free Trade Zones on the Decline

April 2009

The closing of textile companies in the Free Trade Zones in the last three years has led 28 thousand people to unemployment.

In 2006, 3 companies closed and laid off 1,401 employees. During 2007, 1,314 jobs were lost with the closing of 3 other maquilas.

During 2008, Nieng Hsing consortium closed in the first half of the year, laying off 14,527 workers.

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