No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveMore companies close doors in Costa Rica

More companies close doors in Costa Rica

Faucet distributor Helvex became one of the latest companies to downsize in Costa Rica after it closed its plant in southeastern San José last week, leaving 20 employees out of work.

Economic fears in Costa Rica are palpable now as the number of companies announcing layoffs continues to rise, including such household-names as the publisher Grupo Nación and Domino´s Pizza.

Sábila Industrial S.A., the owner of a plant located in Liberia in the northwestern Guanacaste province, where aloe was processed for medicinal and cosmetic products, shut its doors late in January, leaving about 160 employees out of work.

Annie Rivas, a security guard at Sábila, said the company had given letters to all of its employees on Jan. 28, one day before closing, informing them the plant was going bankrupt. “The next day they were gone,” Rivas said. “The majority of the employees here were single mothers.”

Judicial Branch spokeswoman Andrea Marín confirmed  on Tuesday that some former workers at Sábila Industrial have recently filed lawsuits against the company at the Labor Court.

Trending Now

Netflix Raises Subscription Prices in Costa Rica

Netflix is increasing subscription prices in Costa Rica beginning March 7, raising monthly costs across all plans available here, according to a notice sent...

Venezuelan Opposition Leader Freed After Months in Detention

Venezuelan opposition politician Juan Pablo Guanipa walked free from a Caracas prison on Sunday, marking a key moment in the ongoing release of political...

Harvard’s Robert Waldinger Brings the World’s Longest Happiness Study to Costa Rica

One of the world’s leading experts on happiness and wellbeing is coming to Costa Rica, and time is running out to be part of...

How to Watch the Super Bowl in Costa Rica

Costa Rica has always been a soccer-first country, where passions run deepest for fútbol and La Sele. Yet over the past decade-plus, the Super...

Costa Rica Starts Pilot Program for Preschool Education

The Ministry of Public Education (MEP) has rolled out a pilot program that allows some three-year-old children to begin preschool this year. The move...

Costa Rica’s Key Highway to Caribbean Remains Blocked by Slides

Authorities report that Route 32 stays shut down in the Zurquí sector as crews battle ongoing landslides triggered by heavy rains from cold front...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica