In Nicaragua a proposal has been made to create a training center to improve the labor performance in free zones and attract more foreign investment to the sector.
In order to improve employees skills and increase the productivity and competitiveness of enterprises, the National Commission of Free Zones (CNZF) is proposing the creation of a textileschool, where ongoing training on production techniques would be provided for the sector.
The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.
The number of employees in factories in free zones reached 103,000 people in March, a record for the sector in Nicaragua, said Alvaro Baltodano, President of the National Free Zone Commission, CNZF. There are 68,019 employees in the textile sector alone.
“GD Maquilador de Nicaragua”, an apparel company owned by Mexican group Denim, opened its manufacturing facility today.
It is located at Km 14.1 of the North Highway in Managua, and employs 800 workers. The company expects to increase its payroll to 3.000 by the end of the year.
Nicaraguan newspaper “La Prensa” explained that the company engages in washing, packing and shipping jeans, mostly for Wrangler.
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.
Among the applicants are Arnecom S.A., Clypso Apparel S.A., Santa María, Atlantic and Yutex S.A.
A total of 10 companies with Mexican, American and Central American capital will start operations in the free zones.
Mexican manufacturing companies C&C Apparel, C&C Industries and C&C Las Mercedes were authorized to operate under the free zone system. Said companies will take over the operations of Nien Hsing, which is in the process of closing operations in Nicaragua, reports said.
The Free Zone industry is going through a grave crisis that is causing businesses to close.
In its annual reports, the Central Bank of Nicaragua (BCN), the Free Zone sector always appeared as the most dynamic, with exports growing at more than 20%, and as the greatest generator of employment in the industry. However, this situation has drastically changed with the lowest growth on record and a huge loss of jobs.
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