• Costa Rica Coffee Guide

New Jobs for Some, Layoffs for Others

June 12, 2009

On the same day Boston Scientific announced it would hire approximately 1,700 more employees, a study was released saying what many people already expected: more companies in Costa Rica are likely to lay off workers and fewer have plans to hire more.

The study by Manpower Inc. is predictive, focusing on the third quarter of 2009.

The survey of more than 620 companies in the country reveals a drop of 20 percent over the past year in the number of businesses expecting to hire new workers, while the number of companies expecting to make cuts in their labor force has risen 8 percent.

“What we see is that employers are already intending to stop contracting new workers and, in some cases, they are looking to fire workers,” said Eric Quesada, the regional manager of Manpower.

This shows that companies are preparing to weather the recession, as many have shifted from a growth-oriented mindset to one of maintaining the status quo, he said. Still, the study gives only an imprecise vision of what’s to come.

“It depends on the magnitude of the changes,” said Eric Vargas, investment strategy manager at the Costa Rican financial consulting firm Aldesa.

Officially, Costa Rica has 4.7 percent unemployment, but the number is from July 2008. Marta Argüello, an economist with the Labor Ministry, said it likely has risen to around 6 percent.

–Daniel Shea

 

You may be interested

Bello Horizonte retirement home gives the elderly a new lease on life
Sponsored content
27 views
Sponsored content
27 views

Bello Horizonte retirement home gives the elderly a new lease on life

Karl Kahler - April 20, 2021

Setting a new standard for retirement homes in Costa Rica, the brand-new Bello Horizonte Hotel & Apartments in downtown San…

Costa Rica begins AstraZeneca vaccine injections
Costa Rica
20 views
Costa Rica
20 views

Costa Rica begins AstraZeneca vaccine injections

Alejandro Zúñiga - April 19, 2021

Costa Rica on Monday began inoculating citizens and residents against Covid-19 using the AstraZeneca vaccine. At a ceremony, several Costa…

Human smugglers reap billions selling the American Dream
Latin America
8 views
Latin America
8 views

Human smugglers reap billions selling the American Dream

Yussel Gonzalez / AFP with Herika Martinez in Ciudad Juarez - April 19, 2021

The tide of migrants sweeping across Mexico to the US border is not just a humanitarian crisis -- it is…