Home / Knowledge / News / Apparel/Garments / Unemployment stares brutally at garment workers
Unemployment stares brutally at garment workers
06
Apr '09
The Free Trade Zones (FTZ's) set up in Sri Lanka in the late 1970's are loosing their sheen. The FTZ's were set up to take advantage of the Multi-fibre agreement. But after the dismantling of the same in 2005, the garment units in these zones were going through a tough phase.

Now, to add to the woes of the over burdened units, has come the Tsumani like global economic crisis, which is creating and leaving in its wake unemployment in the thousands. Big garment units employing over thousand workers are laying off workers in the same numbers.

According to experts, the crisis of unemployment is expected to worsen after completion of the New Year holidays which begin from April 14. They say, workers can expect a nasty surprise of being shown the doors when they return to work after the holidays.

The Government on its part has also not done much to help the garment manufacturing units and have left them to fend for themselves in these very critical times, unlike the governments of China and India who have announced stimulus packages.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
January 2017

January 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