The iconic Costa Rican store Almacén El Gallito, which in recent years sold mostly party supplies and furniture, last Friday closed its seven locations in Costa Rica citing financial problems.
A recent survey of Costa Rican employers finds more companies plan to hire this quarter than last. But results show an 8 percent drop in planned hiring compared to the same time period last year.
Labor Minister Víctor Morales Mora took to social media after Monday's legislative motion, saying he was happy to testify about his administration's efforts to improve the country's employment panorama.
BK Centroamérica said that despite the closures the company is looking for better locations to open new restaurants and would meet all of its labor responsibilities to employees under Costa Rican law.
Kitchen and bath fixtures company Incesa Standard on Thursday evening confirmed the closing of its manufacturing operation in Costa Rica, which will be relocated to the company’s facilities in Guatemala and Nicaragua.
A recent wave of layoffs across several sectors of the economy — from Wendy’s to Avianca — has culminated in more than 228,000 unemployed Costa Ricans at the end of the third quarter of 2014, according to figures from the National Statistics and Census Institute.
