Sergio Garcнa de Alba, under secretary for small- and medium-sized enterprises (SMEs) of the Economy Secretariat, reported that 4,000 SMEs stopped paying quotas to the Mexican Social Security Institute (IMSS) during 2003.
When we compare numbers registered with the IMSS during December 2002 with those for December 2003, we have 4,000 fewer companies," reported the official.
Garcнa de Alba said that sectors such as construction, commerce and services have reported positive figures, while the industrial sector has shown devastating results. He added that globalisation is a reality for which the Mexican industry needs to move along to market niches with greater added value.
Source: El Universal
