Operational Challenges: Printex lays off workers

The company attributed the latest development to the influx of cheap textiles imported from China and operational challenges.

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Textile manufacturing company, Printex Limited, has laid off 100 workers over operational challenges, Tv3 news reports.

READ MORE: Volta Star Company gets GHC6 million capital injection

The company attributed the latest development to the influx of cheap textiles imported from China and operational challenges.

The company attributed the latest development to the influx of cheap textiles imported from China and operational challenges. play

The company attributed the latest development to the influx of cheap textiles imported from China and operational challenges.

 

In addition, the company claims decline in sales, therefore the need to layoff some workers.

Their contracts were terminated on Thursday June 30.

Printex lays off workers play

Printex lays off workers

 

In March, the President of the Ghana Employers’ Association (GEA) Terry Darko told journalists in Accra legitimate textile companies in Ghana are struggling to compete with counterfeit and pirated goods circulating in the local market.

He said the situation is impacting negatively on employers and is stifling innovation and creativity.

READ MORE:EDAIF to support Volta Star Textiles

In addition, the company claims decline in sales, therefore the need to layoff some workers. play

In addition, the company claims decline in sales, therefore the need to layoff some workers.

 

“In recent times, counterfeiting and illicit trade in Ghana have heightened competition, as legitimate businesses cannot compete with pirates who take a free ride on the work of others without contributing to research, development, or social cost of their workers,” he said.

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