Home / Knowledge / News / Textiles / Solution for closed textile firm in the offing
Solution for closed textile firm in the offing
Nov '10
Recently, Robert Schunk – the Minister of Production met the employees of the textile company Copy SA, which had been non-functional for almost a year. He gave an assurance to the workers to find a solution for the problem. He also promised to organize a meeting with officials from the Ministry of Agriculture's Office in order to find a workable option in that direction.

The employees, accompanied by their lawyers, had discussed the state of affairs at the meeting. The employees of the manufacturing unit had organized a labor union to secure the company and enable it to operate once more.

The factory owners had completely neglected the debt obligations for electricity and gas bills that had accumulated. But these problems needed to be resolved as soon as possible in order to carry out with the production work.

The meeting considered various ways to resolve the challenges. The Minister had also put forward a few alternatives and explained how these could be put in to practice. He also gave some instances of the successful implementation of some of these alternatives in other companies in Argentina.

The minister did not rule out the prospect of this venture turning productive aiming at further value addition. This would also help in maintaining the source of livelihood for the people employed there.

Fibre2fashion News Desk-India

Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search