Intel and Bank of America cut Costa Rica operations

The closure of Bank of America's operations in Costa Rica, as well as the reduction of Intel's operations, won't have a significant economic impact.

The salary and sales losses are expected to be about $150 million, from a total production of almost $50 billion last year, Costa Rican daily La República reported.

Both companies will cut some 1,200 specialist jobs each, which is expected to benefit the country's free trade zone companies, as they face a shortage of highly-trained staff.

Full story (in Spanish)