Free-zone textile factories move from Honduras to El Salvador and Nicaragua
Honduras' textile industry lost 12 textile mills and 8,100 jobs last year as the industry began shifting its operations to nearby El Salvador, a spokesman for leading Honduran maquila association Camtex has confirmed.
"We are very worried," he said. "We are losing a lot of competitiveness, especially with El Salvador and Nicaragua, which have much lower production costs."
According to the spokesman, Honduran wages are 38 percent and 48 percent higher than in El Salvador or Nicaragua, respectively.
Original source: Just Style