The January data set off all the alarms. One of the main firms in the sector has already suspended some of the staff.
In the textile sector they do not predict a good year. During the month of January, sales suffered a historic collapse of 37% and one of the main firms in the sector has already announced to its employees that there will be suspensions for three months.. The crisis extends to practically all branches of the industry. The use of installed capacity has already dropped to pandemic levels, when people’s mobility was reduced for health reasons. Alarm about job loss in a labor-intensive sector.
The crisis does not take long to make itself felt. The speed with which this recession is moving to the real economy is unprecedented. As a first overview, okay The survey by the consulting firm 1816 based on different sources reflects that in January the casualties were widespread. The tax on credits and debits, car and motorcycle registrations, the Construya index, cement shipments, retail sales and loans to the private sector, are some of the indicators that were in the red.
The impact is even stronger when the magnifying glass is placed on local manufacturing. From the consulting firm Audemus they published a document that anticipates the fall of 13 of 16 productive sectors for this year. Among the most drastic falls are the industry, with a collapse that could be between -9% and -11.5% of the sector’s product.
With this scenario, the most complex situations are observed in the items that have a high dependence on the internal market. Even more so in products that are not considered “essential consumption”. This is already seen in the textile sector, where sales plummeted by 37% during the month of January, according to an internal survey of business chambers that was accessible. Ambit. In the same value chain, clothing had drops of 34%.
Alarm due to suspension of workers in the textile industry
This medium was also able to corroborate that after the resounding drop in sales that the sector recorded, the suspensions began. “We are launching urgent and essential measures for the sustainability of the company and jobs, consisting of concerted suspensions in the most affected productive units,” says a statement from the Human Resources Management of the Australtex, Cladd, Enod and Alpacladd brands. , which this media accessed
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In that sense, the document indicates that “the company has been going through a changing scenario for a year and a half, with a lot of uncertainty, but the constant was a drastic decline in sales that forced it to adapt production plans month by month.” On this point, he concludes that “During the month of January these conditions reached a historical limit, where sales are practically at zero and there is no space in the warehouses to accumulate stock.”
According to Ámbito, the suspension scheme will last for at least three months., in which the company promised to pay 75% of the workers’ usual salary. While the regime in some units could include 15 days of work and 15 days of suspension.
The use of the industry’s installed capacity fell to 54.9% in December. It decreased 12.8% compared to the same month of the previous year. These levels are compatible with those that the sector exhibited during the pandemic, when people’s mobility was drastically reduced due to health issues.
Source: Ambito
