Border maquiladora layoffs surge amid U.S. slowdown
Tens of thousands of jobs vanish in Mexico's border plants as U.S. demand falters. Baja California and Chihuahua report steep losses while maquiladoras cut hours or close. Officials warn still many plants rely on exports, though some U.S. firms relocate to cut costs.
MENTIONED IN THIS ARTICLE
Tijuana
Mexico
U.S
Jose Luis Cuadras
Maquiladora
United States
Baja California
Chihuahua
Carlos Abascal
Manuel Gonzalez
National Manufacturing Chamber
Rolando Gonzalez
Maquila and Export Industry Council
General Motors
Phillips Electronics
Sony
Maquiladoras
Ciudad Juarez
el Paso
Texas
San Diego
Ernesto Ruffo
IMF extends Argentina loan package by eight billion
The IMF will add 8 billion in loans to Argentina, bringing total IMF support to 22 billion from 14 billion. Horst Köhler announced after talks in Washington, with U.S. urging debt restructuring. Treasury Secretary O Neill praised the step as sustainable debt exchange planned. President De la Rua welcomed the move as ending uncertainty and countering speculators.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
Argentina
IMF
Horst Koehler
Koehler
United States
Treasury
Paul O'Neill
O’neill
Brazil
U.S
Bush
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