The Number Of Layoffs In The Printing And Weaving Industry Has Reached 700 Thousand, And Is Expected To Continue To Expand.
With the pressure of economic recession increasing, tens of thousands of jobs are decreasing, and this trend is likely to continue. The global financial turmoil is chilling, and even the developed economies are being affected.
The India textile industry alliance reported that 700 thousand people have already lost their jobs, and this figure is expected to continue to expand. Economic analysts believe that the current layoffs are only touching the tip of the iceberg.
Textile traders say they have no confidence in their recent business. The sales figures for this year are lower than that of the same period last year. Exporters face the worst.
Able to produce quality products, manufacturers sell products at competitive prices, and at the same time, they can keep the market. Experts say the economic impact may persist until next year, or even longer, and there will be a very serious setback in 2009.
In this regard, labour intensive industries, which rely on exports, will be the most laid off workers. But this is not permanent. As long as the economy starts to improve, the situation may be totally different.
Job security has become a meaningless term because of the reduction of existing staff and the freezing of new recruits. If the global economy does not recover, more dismissal notices will be issued in the coming months.
Editor in chief: Xu Qiyun
- Related reading
- Local hotspot | Suggestions On Revitalization And Development Of China'S Silk Industry
- 24-hour non-stop broadcasting | 2012 China Fashion Growth Brand Conference
- Daily headlines | Clothing Brand: International Survival Roadmap
- Thematic interview | Now Stepping Forward From Scratch -- Interview With Tian Qiming, Chairman Of The Company In China
- Collocation | The Tide Is Changing &Nbsp; Open Your Gentleman'S Time.
- Daily headlines | 爱登堡2012/2013年秋冬流行趋势发布
- Popular this season | Lattice Shirt Fresh Wear &Nbsp; Deduce Office Fashion.
- Exhibition topic | Living In Happiness -- The 2012/13 Trend Of Men'S Wear Autumn Winter In AI Teng Bao
- Case direct attack | How Come The New Clothes Are Getting More And More Expensive?
- Consumer rights protection | Inner Mongolia Cashmere Enterprises Are Now Adulterate, Making The Cashmere Content Of Fake Dalian Cashmere Sweater Zero.
- List Of Management Contents Of Knitted Apparel Technology Department
- The Clothing Market Expressly Prohibited Smoking Warning.
- "Underground Shoe Market" Peddling "Fishing Shoes"
- May Spring Fair Brings Together More Than 320 Exhibitors
- Two 00 Nine China International Silk Fair Was Held In Hangzhou In October.
- Jiangxi Textile Industry Maintained Rapid Growth In 1-2 Months
- China Textile City: Steady Demand For Knitted Fabrics
- The Continuous Rise Of Polyester Market Has Long Been Cautious.
- Cotton Yarn Quiet Local Cotton Yarn Partial Drop
- New Silk Fabrics In Shengze Market Emerge