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CEMEX Fires
50% of Employees, Shuts Down 5 Plants In
Costa Rica
The economic crisis that has hit the
construction industry in Costa Rica is the
main reason behind the firing of 125
employees by the cement company, CEMEX. The
firing represents 50% of the total staff.
In addition it shut down 5 plants across the
country.
Carlos González, general manager of the
CEMEX, gave the bad news yesterday, adding
that the company is also reducing its
investment in Costa Rica.
"The next three to six months will be very
complicated, as projects come to an end and
nothing new is on the horizon", said
González.
CEMEX, according to González, has invested
some us$160 million dollars in Costa Rica
over the last 10 years. The general manager
said that the company will continue to
invest, but only about us$2 million dollars
for this year.
CEMEX has seen the demand for cement drop
20% and concrete 30%, as the construction of
large projects like hotels, commercial
centres, especially in the Pacific northm,
has dropped.
The company has tried to reduce mass firings
by insituting some 70 initiatives that range
from energy savings to optimizing the
company's resources, said González, who
feels the government has to move to attract
more investments in new markets, outside of
the US.
CEMEX, founded in Mexico in 1906, that has
grown to one of the top global companies, is
a leading producer of cement and ready-mix
concrete in Costa Rica. |
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