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Garment maker Handsome Inc's operations grounded
29 May '06
1 min read
Saipan garment industry is struggling to survive as the demand for apparel has dropped significantly, after the expiry of the textile quotas implemented by the World Trade Organization.
Handsome (Saipan) Inc became the tenth garment company to completely cease production due to paucity of orders.
Company plans to permanently close down its garment manufacturing unit in Tanapag by July 9, 2006.
Handsome employs around 200 nonresident Chinese workers.
Meanwhile, Joseph E Horey, Counsel for Handsome (Saipan) Inc, assured that Top Fashion Corp, a branch of the closed company has agreed to hire most of the workers.
Handsome (Saipan) Inc became the tenth garment company to completely cease production due to paucity of orders.
Company plans to permanently close down its garment manufacturing unit in Tanapag by July 9, 2006.
Handsome employs around 200 nonresident Chinese workers.
Meanwhile, Joseph E Horey, Counsel for Handsome (Saipan) Inc, assured that Top Fashion Corp, a branch of the closed company has agreed to hire most of the workers.
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