Goodyear Reportedly Closed Plant in Colombia and Warns of Job Impact
Sole national producer: Goodyear Colombia. Photo: iStock
TL;DR
- Goodyear's tire and accessory plant in Cerrito Valle is closing and leaving Colombia.
- This closure will result in over 800 direct job losses and more than 4,000 indirect job losses.
- Hino Motors of Colombia has reportedly reduced production and may move its plant to Ecuador.
- Trimco and Andina de Tapizados are ceasing production of interior upholstery for vehicles.
- The Ingenio María Luisa sugar mill in Valle del Cauca has closed, and Ingenio La Cabaña in Cauca is at risk of closure.
- The article highlights concerns about increasing informality in the labor market, with a projected rise in informal workers and a decrease in the number of minimum wage beneficiaries.