December 22, 2024
The largest clothing manufacturer in Russia is moving production to Bangladesh and Vietnam thumbnail
Economy

The largest clothing manufacturer in Russia is moving production to Bangladesh and Vietnam

The Russian company Gloria Jeans, which produces clothes and shoes, plans to close part of its production sites in the country.”, — write: epravda.com.ua

The Russian company Gloria Jeans, which produces clothes and shoes, plans to close part of its production sites in the country. This is reported by “Kommersant”. It is noted that the objects in the Rostov region will be reduced first of all. The sewing workshop in the city of Salsk has already stopped working, and the workers have been offered vacancies at other factories. Currently, the company operates 18 factories in different regions of Russia, but Gloria Jeans itself declined to comment. Advertisement: It is reported that Gloria Jeans may move production to Vietnam, Bangladesh or Uzbekistan. In these countries, there is a stable raw material base thanks to the cultivation of cotton, as well as developed production facilities. This solves problems with the supply of materials and allows you to reduce the costs associated with fluctuations in exchange rates. China, which used to be the main destination for the tailoring of Russian brands, is losing its appeal. As a representative of the fashion industry explained, labor costs in China are significantly higher than in Bangladesh or Uzbekistan. In Russia, the problem of shortage of qualified personnel in the sewing industry is worsening. In addition to the personnel shortage, Russian manufacturers are faced with the low quality of local materials and fittings. This forces companies to purchase products abroad. Difficulties also arise with the purchase of sewing equipment due to problems with international payments due to sanctions. Advertisement: We will remind: The supply of personnel in Russia in the third quarter of 2024 once again updated the minimum for the entire history of observations.

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