Companies from different sectors have had to reduce their staff to adjust to the new reality of the country. The fall in oil prices, the appreciation of the dollar, the lack of savings, etc., have led to a reduction of liquidity and a fall in investment, consumption and sales.
Santiago Jijon is the owner of caterers business that has contracts with public and private companies. He says that last year he had 76 employees and now only 36.
A similar situation is that of Milton Altamirano, owner of Impactex, a clothing firm in Ambato. “We have reduced the workforce by 50%. It is regrettable, the textile sector is experiencing a very critical situation. No one is buying, nobody wants to invest, no one wants to risk.”
Nelson Erazo, a member of the Popular Front and union leader, said that 3000 workers were dismissed from their jobs this year in other sectors such as floriculture, assembling, etc.
Translated into English by Pierina Abad