Home / Knowledge / News / Textiles / 7.5 million jobs insecure in textile sector
7.5 million jobs insecure in textile sector
01
Jul '09
The China Textile Industry Association released its "Annual report of social responsibility of China's textile and garment industry (2008-09). According to the report, big companies have been badly hit by the crisis, creating job insecurity for as many as 7.5 million workers.

This is the third annual report on corporate social responsibility released by the China Textile Industry Association. China's textile enterprises employ more than 20 million directly and indirectly and it provides livelihood to another 100 million people and is considered the biggest industrial employment generator.

Business environment of China's textile enterprises has been deteriorating since 2008, with industry profits rapidly declining. The industry for the first time saw a negative growth since 2003 and the first two months of 2009 alone, the number of loss-making big textile enterprises reached 12,644.

According to the report, as of November 2008, shrinking employment situation of the industry became quite obvious, as employment in large-scale enterprises fell by 1.24 percent year-on-year, excluding the small and medium-sized textile enterprises that have been even more seriously hit.

According to the latest data, China's textile industry showed improvement over the first quarter, but employment levels stays at the bottom. From January to May this year, exports of textile products declined 1.42 percent year-on-year, while the drop in the first two months was as high as 17.18 percent.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

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

Giorgio Mantovani
Corman S.p.A

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

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
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