Labor & Economic News Blog
Monday, March 10, 2008
Namibia: 3,000 Jobs Will Be Lost in Malaysian Textile Factory Closedown
Namibia: 3,000 Jobs Will Be Lost in Malaysian Textile Factory ClosedownThe Namibian government plans to stay the course with export processing zones (EPZ) despite one of the largest of the foreign investors, Malaysian textile company Ramatex, deciding last week to close down its operations--a move that will destroy 3,000 jobs.
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