Elimination of tax on gas stoves creates manufacturing jobs in Cuenca

Two Cuenca appliance manufacturers are hiring hundreds of new employees to meet the demand for gas cooking ranges. The demand is the result of the elimination of a 100 percent special consumption tax (ICE) on gas ranges ordered in 2014 by the government of former president Rafael Correa. The elimination of the tax was part of the economic revitalization law passed in August by the National Assembly. Cuenca-based Indurama and Fibroacero have announced plans to increase production of gas stoves and both say they need hundreds of new employees. Indurama says it will hire 600 by the end of the…

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