Testing Times For The Textile Sector
It is not just bankers and techies who are losing jobs during this financial crisis. WSJ has an article how the recession is impacting India's textile and garment export sector which is the backbone of the Tirupur - Coimbatore belt.
So far, most of the textile industry's job losses are among its least-skilled and lowest-paid workers at spinning mills, dyeing houses, and stitching and embroidery factories. Employees in such operations, mainly women, earn about $2 a day. It isn't unusual to spot child workers in such factories, although it's illegal to employ them.....That is evident in the small city of Tirupur, 37 miles from Coimbatore. Tirupur used to be a thriving center for the Indian garment trade, with almost 3,500 apparel makers. Locals call the city "little Japan" for its dependence on exports. Half of the garments made there are shipped to the U.S.Now, trucks delivering raw cotton to Tirupur factories are half-empty, reflecting slumping orders. Workers who have had their shifts eliminated or shortened sit idly on the stoops of their garment plants. (Link)