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Printex lays off workers

01 July 2016 at 09:30
The company attributed the latest development to the influx of cheap textiles imported from China and operational challenges.
Printex lays off workers
Printex lays off workers

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

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

Their contracts were terminated on Thursday June 30.

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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.

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

READ MORE:EDAIF to support Volta Star Textiles

“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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