State-Owned Banks Increase Workforce, Private Ones Cut Back

©image: Wikimedia Commons

State-owned Banco Nacional and Banco de Costa Rica stated that the increase comprises temporary positions for vacation and sickness cover, in addition to some short-term contracts for specific projects.

BAC San José, Popular and HSBC were the banks that had to let go of most personnel, with 67, 61 and 38 jobs lost respectively.

At a national level the Costa Rican Social Security Institute (CAJA) reports that between September 2009 and April 2010 57,000 new jobs were created, of which 61% (35,000) were generated in private companies.

Source: elfinancierocr.com

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