That said, the U.S. apparel maker still plans to shutter a 1,200-strong plant in Nicaragua. One government official there said that while the action will hurt the country’s workers, the industry has enough factories to offset job losses while other strengths will help it weather the storm.
“We are pleased to announce that we have begun the corporate restructuring process of sister companies Southern Apparel Contractors and New Holland Lingerie de Honduras,” Tegra said in a statement sent to workers and obtained by Sourcing Journal. The upcoming inauguration of the game-changing Proyecto Arena industrial park (billed as the largest Nike factory in the Americas), coupled with efforts to boost operating synergies, prompted the merger, it added.