Regime in Nicaragua admits the loss of thousands of jobs in free trade zones
The regime recognizes crisis in free trade zones after thousands of layoffs. It promises to recover 20,000 jobs in 2026, but recovery is slow.
TL;DR
- Nicaragua's regime admits a crisis in the free trade zone sector, resulting in 15-16,000 job losses.
- The crisis is attributed to reduced international orders and trade tensions, impacting maquiladora industries.
- The government projects employment recovery by the end of 2026, aiming for 120,000 workers.
- Legal reforms and new economic zones are initiatives to attract investment and strengthen the sector.
- Despite optimistic projections, only about 1,000 out of 15,000 lost jobs have been recovered so far.
- The regime acknowledges the economy's high dependence on the international market, particularly the United States.