Kitchen and bath fixtures company Incesa Standard on Thursday evening confirmed the closing of its manufacturing operation in Costa Rica, which will be relocated to the company’s facilities in Guatemala and Nicaragua.
California-based burger chain Johnny Rockets on Thursday inaugurated its third restaurant in the country, which represents a $400,000 investment and 15 jobs, bringing to 90 the total number of jobs the local franchisee currently has here.
A recent wave of layoffs across several sectors of the economy — from Wendy’s to Avianca — has culminated in more than 228,000 unemployed Costa Ricans at the end of the third quarter of 2014, according to figures from the National Statistics and Census Institute.
Despite reports of slow growth in Costa Rica’s business sector, those operating under the franchising regime grew by 12.7 percent, according to the National Franchise Center, part of the Costa Rican Chamber of Commerce.
Costa Rica-based QSR International, a fast food franchise developer, confirmed it will invest $2.5 million in opening new locations in the region this year.
