Parts of Sheridan Textiles' Hobart operation that do not relocate to Adelaide this year face closure by 2004 unless efficiency is improved. The South Australian Government offered incentives to the textiles manufacturer in mid-February 2001 to centralise its business around its Woodville operation. Fourteen Tasmanian jobs were lost in December 2000, with the closure of the company's Glenorchy finishing division in late February 2001 to cost another 25 jobs.