Crisis Hits Jobs and Production in Textiles and Apparel as the Aegean Downturn Deepens
Translated from Turkish and summarized by DistantNews. Read the original for the full story.
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- Rising production costs, a weak exchange rate and falling exports have intensified the crisis in Turkey’s textile and apparel sector.
- The sector has lost nearly 300,000 jobs in two years, while thousands of businesses have closed.
- Industry representatives called for urgent government support to keep production and exports going.
Turkey’s textile and apparel sector is losing jobs and businesses as rising production costs, a weak exchange rate and shrinking exports deepen the crisis, with the downturn particularly worsening in the Aegean region.
Nearly 300,000 jobs have disappeared over the past two years. About 5,000 businesses closed during the last year alone, while the number of closures over three years reached 9,936.
Sector representatives called on the government to provide urgent support. They said assistance was needed to keep production and exports going as companies face mounting pressure.
About this summary
Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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