May 7th, 2014 (InsideCostaRica.com) Mabe, a Mexican-owned company which designs, produces, and distributes appliances to more than 70 countries around the world, announced it would stop producing ranges and ovens at its plant in Heredia, laying off 350 employees in the process.
The company made the announcement yesterday, saying it would continue to manufacturer refrigerators for both the domestic and international market from the Heredia plant.
Domestic demand for the company’s line of ranges and ovens will likely be met by importing the appliances from its other plants in the region.
The company said the decision was the result of restructuring.
The layoffs add to last month’s announcements by Intel and Bank of America in which the companies laid off a combined 3,000 people, as well as CustomerSpeak, which fired 500.