After the departure from the country earlier this month of Japanese autopart maker Yazaki, Uruguay's Chamber of Industries (CIU) President Leonardo García warned that the South American country's situation might encourage other foreign companies to follow suit.
Japanese autopart makers Yazaki announced the closure of its two plants in Uruguay citing rising costs, leaving thousands jobless, it was reported in Montevideo. Some 1,200 workers have been affected by the measure. The plants in Las Piedras and Colonia, which had been operating since 2007, represented 300 and 900 jobs respectively. Yazaki's presence in the region will be shifting to Argentina and Paraguay.