The effects of falling prices, coupled with the introduction of a 35-hour working week, is forcing French textiles group Mossley to move production outside the Euro zone.

The company plans to expand through acquisitions, and ultimately expects foreign factories to account for 50 per cent of its annual output of 21,000 tonnes of thread and 12 million square metres of fabric.

Ironically, Mossley has spent 25.15m euros over the past five years on modernising its sites in Lorraine, northern France and Normandy. The company employs 635 staff and last year generated a turnover of 122m euros.

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