Gildan Expands Textile Operations in Honduras

The textile company closed its 4 plants in Alabama, USA, and will transfer operations to its facilities in Rio Nance, Honduras.

Thursday, February 3, 2011

The transition will involve the dismissal of about 300 workers in the United States, to be carried out in April of this year. The company expects to increase production up to 65 million dozens of socks in their two plants in Honduras.

Gildan will save $1.5 per dozen socks, due to lower wages and lower costs thanks to the efficiency of the new facility in Honduras which required an $ 80 million investment. "It is vertically integrated, all is produced under one roof, it is much more efficient," said Genevieve Gosselin, spokeswoman for the company.

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