ABC, Radio Australia
01/02/2008
Cambodian garment exports plummeted 46 percent in the fourth quarter of 2007. Officials are warning of future factory closures and job cuts.
Chairman of the Garment Manufacturers' Association of Cambodia, Van Sou Ieng, says the economic downturn in the United States, which buys 70 percent of all Cambodian textiles, and continuing domestic labour disputes contributed to the plunge.
He says deteriorating labour relations are also weakening the sector.Union leaders say factory owners are greatly exaggerating the number of strikes and that workers are simply lobbying for fair wages.
Until last year, the sector had enjoyed annual growth of up to 20 percent.The industry is Cambodia's largest source of income, providing 80 percent of its foreign exchange earnings and employing an estimated 350,000 people.
01/02/2008
Cambodian garment exports plummeted 46 percent in the fourth quarter of 2007. Officials are warning of future factory closures and job cuts.
Chairman of the Garment Manufacturers' Association of Cambodia, Van Sou Ieng, says the economic downturn in the United States, which buys 70 percent of all Cambodian textiles, and continuing domestic labour disputes contributed to the plunge.
He says deteriorating labour relations are also weakening the sector.Union leaders say factory owners are greatly exaggerating the number of strikes and that workers are simply lobbying for fair wages.
Until last year, the sector had enjoyed annual growth of up to 20 percent.The industry is Cambodia's largest source of income, providing 80 percent of its foreign exchange earnings and employing an estimated 350,000 people.
1 comment:
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