Banana Coup in Honduras? Chiquita in Latin America

By NIKOLAS KOZLOFF

July 17, 2009 "Counterpunch" -- When the Honduran military overthrew the democratically elected government of Manuel Zelaya two weeks ago there might have been a sigh of relief in the corporate board rooms of Chiquita banana. Earlier this year the Cincinnati-based fruit company joined Dole in criticizing the government in Tegucigalpa which had raised the minimum wage by 60%. Chiquita complained that the new regulations would cut into company profits, requiring the firm to spend more on costs than in Costa Rica: 20 cents more to produce a crate of pineapple and ten cents more to produce a crate of bananas to be exact. In all, Chiquita fretted that it would lose millions under Zelaya’s labor reforms since the company produced around 8 million crates of pineapple and 22 million crates of bananas per year

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