UK: Jobs Axe For 160 As Cotton Mill Closes
Up to British 160 textile workers are to lose their jobs after bosses of a long-established cotton mill announced it was to close after more than 100 years of production.
Shiloh Spinners yarn mill in Bolton, in the north-west of England, is to close following a dramatic fall in turnover. The announcement is a fresh blow to the region's cotton industry following recent mill closures in nearby Oldham.
Shiloh was once one of the biggest employers in the industry, having been operating since the 19th Century, with the spinning division the result of a management buy-out from Shiloh Plc last year.
Announcing the redundancies, chairman Rod Murray said: "Certain areas of the business have suffered from a severe reduction in turnover. This was caused mainly by the larger retailers sourcing their products offshore and the continued strength of sterling."
Graham Wells, branch secretary with the GMB union said: "The trade hasn't improved and this was really what was expected.
"The workers have been through so many redundancies already and they've been in the trade most of their lives. Unfortunately, that's the way the textile industry in this country is going."
To view related research reports, please follow the links below:-
Help test our new apparel sourcing tool.
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Does a hard Brexit mean hard times for UK fashion?
- Vietnam grows share of US apparel imports in 2016
- Key trade issues facing US textiles and apparel
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- Li & Fung dropped from Hang Seng Index
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar