US and EUROPE Denim market facing job cuts

100 jobs cut at ITG Denim Plant in Greensboro , USA

International Textile Group Inc. has cut 100 jobs at its White Oak denim-manufacturing plant in Greensboro — about 25 percent of the work force.
It is the second time in five months that the company has eliminated jobs at the plant in an attempt to balance production capacity with demand for its denim from such customers as Levi’s. ITG cut 150 jobs in December as part of eliminating yarn production at the plant.
  • We have seen considerable negative news related to Denim plants originating in last one year specially from US and Europe -
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