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Free-zone plants switch base from Honduras to Nicaragua

Wednesday, March 23, 2011


Two free-zone plants have closed shop in Honduras and moved to Nicaragua, along with 2,000 jobs.

Industrialists in Honduras have complained that the relatively high wages in their country have prompted such moves.

Said one prominent leader of the Nicaraguan textile industry said: “What’s happening in Nicaragua is that we’re becoming more competitive and there are other important factors involved, including wages and security.”

Original source (in Spanish): El Nuevo Diario