Costa Rica’s high-tech and service industries took a hard hit on Tuesday as microchip manufacturer Intel and Bank of America announced roughly 3,000 layoffs between both companies.
Intel Corporation on Tuesday addressed rumors circulating in recent days about the company's future in Costa Rica, saying in a press release they will close their microchip assembly and testing operations in the country over the next six months. A total of 1,500 employees will lose their jobs.
International fugitive Luis Milanés, a Cuban-American who disappeared from Costa Rica in 2002 with an estimated $200 million in investors’ money, was arrested last...
