Home / Knowledge / News / Apparel/Garments / T&G sector strikes balance between layoffs & reducing workdays
T&G sector strikes balance between layoffs & reducing workdays
11
Feb '09
The current global recessionary tsunami like crisis is sparing no one in its wake. Slowly but surely, it has started affecting the industrial sectors of countries across the globe, with the worldwide textile and garment industry being no exception.

Philippines one of the key exporting countries from the sector has also started to feel the pinch. The textile industry in the region of Cordillera is going through its worst period ever seen in the last few decades, with exports dipping alarmingly.

Companies have started to cut down on their operating capacities resulting in layoffs for workers. They are desperately trying to survive through this turmoil by implementing different strategies to continue their existence.

The garment manufacturing companies are trying to avoid layoffs by reducing the working hours or by cutting the working days in a month to ensure that joblessness is not created due to the crisis.

Narda's, the crown jewel among the textile units in the region and which is credited with introducing the famous Cordillera fabric to the world has also seen its shipment falling alarmingly by nearly 30 percent in the last few months.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search