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Decline in Costa Rican textile industry claims

Friday, March 15, 2013

The saga of closure of textile companies in Costa Rica, which began a few years ago, seems to be continuing unabated as yet another company has announced its closure.

Confecciones BorKar has announced the shutdown of its entire operations in Costa Rica. All 300 workers currently employed by the company will lose their jobs.

Michael Borg, the owner of BorKar, said the company once employed about 1,100 workers, but the number has decreased during the last  few years, as the Costa Rican textile industry lost its competitiveness in global markets.

Source: Fibre2fashion