Home / Knowledge / News / Apparel/Garments / 130 apparel units pull down shutters in 2009 – Report

130 apparel units pull down shutters in 2009 – Report

02
Oct '09
The Ministry of Labour since the economic crisis unfolded a year back, made a dramatic announcement by admitting that 130 garment factories had shut down since the last three quarters, due to a decline in demand from its key markets.

According to the report, 77 garment factories closed down, resulting in the loss of 30,683 jobs in the first nine months, while 53 suspended operations, causing a further 30,617 workers to go without work in the same period.

But there is also good news. In the same period, 40 new clothing factories opened their doors, creating 9,605 job opportunities. The report also states that those who have suspended operations will open as soon as the economic climate improves.

The Business Development Manager at the Garment Manufacturers Association of Cambodia (GMAC), Kaing Monika said that only those units have managed to survive which have big brands as their customers and the rest have gone under.

The President of the Coalition of Cambodian Apparel Workers Democratic Unions (CCAWDU) mentioned that a few apparel manufacturing units had closed briefly and reopened to take advantage of a five-year tax holiday for new garment units.

He also alleged that in this doing this, they escaped from the responsibility of paying severance packages and re-hired the same workers at new contracts and also said that under Cambodian laws these companies should have first declared bankruptcy.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Fashion | On 23rd Aug 2019

32 companies sign fashion pact to present at G7 Summit

Thirty two top global fashion brands and retailers today announced...

Pic: Kohl's Corp

Retail | On 23rd Aug 2019

Kohl's revenue down 3.1% to $4,430 mn in Q2 2019

Kohl's Corporation, a leading omnichannel retailer, has reported net...

Pic: GTS

Apparel/Garments | On 23rd Aug 2019

Himax makes 3D vision-assisted cementing solution for shoe

Himax, a fabless semiconductor solution provider, and GTS have...

Interviews View All

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2019

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

news category


Related Categories:

Advanced Search