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Gas shortage leads Apex Weaving to lay-off workers

15
Apr '10
Deficient production, resulting from severe gas shortage, has forced the management of Apex Weaving Ltd, a leading producer of home textiles and bed sheets, to call for lay-off.

For over a year and half, the listed company has been distressed on account of insufficient gas pressure, said Chairman of the Company, Harun-Ar-Rashid. He also added that, during this period, the company was operating at its minimum capacity.

He further stated that, as the gas crisis aggravated, the company since the last six months has been paying its employees for no productive work. He also said that, they are equipped to restart the plant within three months time, if government promises to provide sufficient gas supply.

At its zenith, the company with 2,000 employees in the factory, exported goods worth $2.5 million per month, he said. But Iqbal Hassan Mahmood Tuku. The factory was set up in East Chandura, Gazipur district in 1996.

Fibre2fashion News Desk - India


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