Clothing: Company Closes Operations in Nicaragua
Wednesday, April 14, 2021
New Holland, a company engaged in the manufacture of clothing and which has been operating in the country for 15 years under the free trade zone regime, announced that it will close operations in the last days of May.
The company's decision to leave Nicaragua is due to the fact that the country does not have the adequate technological machinery to compete with the garments it manufactures for the Under Amour, Nike and Adidas brands.

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Pedro Ortega, secretary of the Free Trade Zone Workers Union Confederation (CST-ZF), told Laprensa.com.ni that "... this company has never invested in machinery, since the current ones have been in use for more than 20 years, the equipment has already reached its useful life, they are obsolete."

According to the workers' leader, the company plans to close operations in Nicaragua and Honduras. If this plan is carried out, some 5,700 people would lose their jobs in both countries.

Ortega added that "... the company's production in Nicaragua will be transferred to El Salvador. The company decided to establish itself in another country because there is machinery there with new technology."
Source:laprensa.com.ni
Source:laprensa.com.ni
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Goods
apparel clothes making Clothes
Key entities
New Holland Apparel
Countries
Nicaragua
Insight
garment-production casual clothes factory closingfactory closure closing operations closing a business Textile, Leather & Dress
RELACIONADO
Clothes
Textile, Leather & Dress
apparel
casual clothes
clothes making
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