Chiquita to return to Panama with US$30 million investment and 5,000 jobs
This article is a summary of reporting by Reuters via BNN Bloomberg. Originally published August 29, 2025.
Banana multinational Chiquita reached an agreement with the Panamanian government to reactivate its operations in the Bocas del Toro province after earlier nationwide protests over pension reform led to mass strikes and over 6,000 layoffs. The plan involves a $30 million investment aimed at restoring banana production and bringing back thousands of jobs to the rural area. Panama President José Raúl Mulino announced the deal following meetings with company leadership, targeting full reactivation in 2026.
AI Summary
Chiquita Brands has agreed to restart operations in Panama with a $30 million investment following earlier mass layoffs and labor strikes.
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