Coronavirus triggers collapse in garment industry demand, putting jobs in Asia at risk

México Noticias Noticias

Coronavirus triggers collapse in garment industry demand, putting jobs in Asia at risk
México Últimas Noticias,México Titulares
  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Asia is key for garment manufacturing and many jobs in the region will be at risk in countries like Bangladesh, Cambodia and China that are dependent on the export economy.

"It's been very, very hard dealing with all the emergencies because we've been facing cancellations every day on almost a minute-to-minute basis," said Rubana Huq, president of the Bangladesh Garment Manufacturers & Exporters Association.

Huq expects many more cancellations to come as the industry faces "total uncertainty," she told CNBC on Monday. "My worry is, what is going to happen to so many people — 4.1 million — that are engaged in the garment sector and we are not being able to take care of them properly," she added. Sheto international fashion brands earlier last week, urging them to pay for and receive goods already under production.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

CNBC /  🏆 12. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Rumors hampering fight against coronavirus in South AsiaRumors hampering fight against coronavirus in South AsiaAs India and other South Asian nations brace for the spread of the coronavirus, they face another battle: misinformation. Social media are rife with bogus remedies, tales of magic cures and hazardous medical advice.
Leer más »

Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicAsia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
Leer más »

Asia shares under threat as futures fall earlyAsia shares under threat as futures fall earlyAsian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies.
Leer más »

Asia shares suffer virus chills, central banks offer what they canAsia shares suffer virus chills, central banks offer what they canAsian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks' best efforts.
Leer más »

Asia shares suffer virus chills, central banks offer cold comfortAsia shares suffer virus chills, central banks offer cold comfortAsian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks' best efforts.
Leer más »



Render Time: 2025-04-26 16:25:12