Saturday, January 17, 2009, 14:34 GMT, ColomboPage News Desk, Sri Lanka.
Jan 17, Colombo: Sri Lanka's textile sector trade unions say that the global economic recession has begun to hit the local industry.
Sinotex, one of the largest garment manufacturing factories in Katunayake Free Trade Zone that started production in 1982 and employed around 2000 workers closed recently due to shortage of orders. The factory made garments mainly for the US.
Trade union sources say that in Katunayake Free Trade Zone alone, jobs of around 20,000 workers are at risk as several factories are about to close since they are in short of orders.
With the sharp decline of orders from the US and European Union, a number of factories in Katunayake, Biyagama and Koggala Free Trade Zones are about to close, trade union sources say.
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