ISRAEL: Triumph To Close Lingerie Factories, Axe 230 Jobs
Lingerie firm Triumph is to stop making underwear in Jerusalem and Beer Sheva after deciding that it can no longer compete with Far Eastern prices.
Around 230 workers will lose their jobs when the factories making underwear for export to European retail chains close at the end of July, Globes online reported.
The company, owned by Swiss-based Triumph International, says it will continue to market imported underwear for the domestic market.
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