Business

Printex lays off 100 staff

Printex

A leading textile company, Printex Limited has laid off about 100 workers due to dwindling sales, TV3 has gathered.

TV3’s Josephine Frimpong reports that the company says it is unable to continue production due to the decline in sales, which it said has necessitated the need to lay off the workers.

The company attributed the development to influx of cheap pirated wax prints that have flooded the Ghanaian market.

The workers are expected to go home effective today, June 30.

Printex Limited has been operating in Ghana for the past 50 years with over 500 local employees.

Printex2

Josephine who visited the company’s premises at Spintex described the mood there as “somber and depressing”.

According to the company, all efforts over the past three years to stop the influx of pirated goods onto the market are yet to pay off.

Rather, the situation has moved from “bad to worse”, it claimed as it expressed disappointment in the work of the government taskforce on piracy so far.

Workers of the company are considering hitting the streets in the coming days to hammer home their concerns.

 

Source: 3news.com | Ghana

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