Panduit Moves Operations to Costa Rica and Mexico

The wiring and communications company will reduce jobs in its southern U.S. plants.

Friday, September 11, 2009

Panduit recently expanded its manufacturing facility in Alajuela, Costa Rica, in 14.000 square meters, an investment worth several million.

Tom Donovan, company president, blamed the economy for the decision: "It was a tough decision that we had hoped we wouldn't have to make, but we cannot ignore the effects of the economy on the electrical market in general and on the lowering demand for our electrical products in particular", reported website Southtownstar.com.

More on this topic

Telecommunications Cable Plant Inaugurated

August 2011

With an investment of $35 million, the company Panduit, dedicated to the production of copper wire and fiber optics, has opened its second manufacturing plant in Costa Rica.

The 14,000 square meter plant manufactures industrial plastic cables. Located in Argentina, Grecia, it will provide jobs for 500 people in addition to the 850 already working in the other plant.

Companies Hiring Less Staff

August 2009

Human Resources companies report a 50% decrease in middle management hiring.

Eric Quesada Ramírez, Manpower's regional director, said that salaries have also been affected.

"Where companies offered a monthly salary of $1.000 for management services, they are now offering $700", told Quesada to Elsalvador.com. "If the worker wants more than these $700, then the company looks for another candidate".

Cutting Costs Without Affecting Customers

June 2009

The objective is to reduce costs wherever possible, while avoiding giving customers reduced service or product quality.

Cuts in spending affect products or services in different ways. Cuts in administration, for example, are not normally noticed by buyers, but staff cuts in areas that are visible such as customer service or the quality of the packaging may adversely affect the customers’ experience.

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.

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