ZIMBABWE: Country’s largest textiles firm to close
David Whitehead Textiles Ltd, Zimbabwe's largest textile company, is to close with the loss of 1,400 jobs after filing for provisional liquidation last week.
According to local news reports, the firm has been hit by competition from cheaper imported fabrics, rising electricity costs, and a wage hike imposed by the National Employment Council for the textile industry.
The company makes textiles, printed and dyed fabrics for uniforms and workwear.
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