Garment Sector Layoffs: What Has Lead to This 'Extraordinary' Situation?
- 3 years ago
With news of a slowdown in various sectors of the economy, there have been fears of large scale job losses as well. In this ground report from one of the hubs of the garment industry in North India, Udyog Vihar Phase-I in Haryana, The Wire speaks to workers who claim they have lost jobs due to production cuts and a slump in demand. We also spoke to union leaders who are trying to organise these workers and claim lakhs of jobs have been lost due to an 'extraordinary' slowdown this year.
The primary reasons for this slowdown are said to be a delay in GST refunds causing a liquidity crunch. Other reasons include cuts in duty drawback and state levy, and migration of the industry to neighbouring countries due to cheap labour, better technology and tax benefits.
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The primary reasons for this slowdown are said to be a delay in GST refunds causing a liquidity crunch. Other reasons include cuts in duty drawback and state levy, and migration of the industry to neighbouring countries due to cheap labour, better technology and tax benefits.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
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#GarmentSectorLayoffs #EconomicSlowdown #Unemployment