TURKEY: Aydin Textile Denies Closure Rumours
The management of Turkish Aydin Textile has denied rumours over the possible closure of its plant. The textile producer was expected to stop operating due to an unpaid debt of TL2.5 trillion ($3.7m). Officials are currently in talks with Labour and Social Security Minister Yasar Okuyan for the restructuring of the company's debt in order to continue operating. Aydin Textile has 650 employees and 1.4 million tonnes of stockpiled textiles. It exports to the US, Italy and Spain.
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