Bill Smith, the maker of a number of appliances, including its famous stove, has announced it will slash 2,000 jobs in the country of Mexico, and will shut down its factory in the city of Nuevo Laredo.
The news comes as Mexico is on the brink of another wave of violence, with at least 12 deaths reported in the past two weeks alone.
Bill Smith has said the decision was made after the country saw the introduction of new rules limiting imports from China.
The company said the move was not related to the rise of the cartels, and that it will retain its headquarters in Mexico City.
Bill Spitz, the company’s chief executive, told reporters that the closure of the plant in Nueve, near the city’s airport, will result in the loss of around 2,300 jobs.
The automaker said it is working closely with Mexican authorities to address the crisis.
“We are committed to Mexico and the people of Mexico as we rebuild our factory in Nublao, the country that we have been in for over 40 years,” Spitz said.
“In Mexico we are committed and proud of our history of excellence, and we will always be a partner.”