Headlines
Chiquita to return to Panama with $30 million investment and 5,000 jobs
Published by Global Banking and Finance Review
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Chiquita plans a $30M investment in Panama, creating 5,000 jobs by 2026, revitalizing the banana industry in Bocas del Toro after previous layoffs.
PANAMA CITY (Reuters) -Banana giant Chiquita has agreed to restart operations in Panama after mass layoffs earlier this year, Panama's government and the company said on Friday.
Chiquita plans to invest $30 million to launch production again in the western province of Bocas del Toro, aiming to be operational by February 2026, according to a statement from Panama President Jose Raul Mulino, who traveled to Brasilia to meet with the company.
Chiquita fired more than 6,000 people in Panama after banana workers went on strike as part of nationwide protests over a pension reform.
Chiquita said it plans to create 3,000 jobs in the first phase of re-opening for cleanup and agricultural recovery, and add 2,000 workers for a second phase of harvesting and packaging.
(Reporting by Elida Moreno; Editing by Daina Beth Solomon)
Chiquita plans to invest $30 million to restart its operations in Panama.
Chiquita aims to create a total of 5,000 jobs, with 3,000 in the first phase and an additional 2,000 in the second phase.
Chiquita fired more than 6,000 workers in Panama following strikes related to nationwide protests over pension reform.
Chiquita aims to be operational by February 2026 as part of its plan to restart production.
Chiquita plans to launch production in the western province of Bocas del Toro.
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