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Chiquita to return to Panama with $30 million investment and 5,000 jobs
Chiquita Brands will invest $30 million to restart banana production in Panama's Bocas del Toro, creating 5,000 jobs after a strike halted operations and caused $75 million in losses.
- Chiquita Brands agreed on Friday to resume operations in Panama's Bocas del Toro province after months of suspension and worker layoffs.
- The restart follows a three-month strike over pension reforms that led Chiquita to fire over 6,000 workers and cease operations in May.
- The agreement involves Chiquita committing around $30 million to restart production on 5,000 hectares of farmland, with an initial workforce of 3,000 employees and an additional 2,000 to be hired in a subsequent phase.
- Panama President Jose Raul Mulino expressed his commitment to fostering investment, enhancing production, and generating employment opportunities, describing the agreement as a fresh start.
- The government aims for full operations by February 2026, supported by a technical panel overseeing compliance, signaling renewed confidence in Panama's banana industry.
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38 Articles
38 Articles
US Banana Giant Chiquita Announces $30 Million Investment to Restart Banana Production in Panama
Chiquita Brands announces reopening of its Changuinola plant in Panama, rehiring thousands of workers after a strike that halted production and caused $75 million in losses.
·New York, United States
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Several months after his withdrawal from Panama, the banana company Chiquita returns to the Central American country.
·Germany
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Thousands of Chiquita workers protested against a pension reform in Panama. The banana company announced to them and left the country. Now the company is coming back, but offers fewer jobs than before.
·Germany
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Coverage Details
Total News Sources38
Leaning Left10Leaning Right0Center11Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 48%
C 52%
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