• Linkdin
Coats Webinar

Nearly 16,000 jobs lost in Lesotho's textile-apparel sector in 6 years

19 Jun '24
1 min read
Nearly 16,000 jobs lost in Lesotho's textile-apparel sector in 6 years
Pic: Adobe Stock

Insights

  • Lesotho lost around 16,000 textile-apparel industry jobs between March 2018 and March 2024, a workshop convened by the Lesotho National Development Corporation was told.
  • Between March 2023 and March 2024, the sector saw a 12.79 per cent employment drop.
  • Rising operational costs, supply chain disruptions, order decline and financial strain have hit the sector
Lesotho lost around 16,000 textile and apparel industry jobs between March 2018 and March 2024, a recent workshop convened by the Lesotho National Development Corporation (LNDC) was told.

Between March 2023 and March 2024 alone, the industry saw a 12.79 per cent decline in employment, or a loss of 4,740 jobs, LNDC’s corporate investment and trade promotion general manager, Puseletso Makhakhe said.

A reduction in the sector’s export markets has affected the country’s gross domestic product (GDP), she said.

The workshop aimed at sensitising manufacturers and other industry players about the need to adhere to ethical practices to win back orders from abroad.

“Our employment trends show that in March 2018, we had 49,945 jobs [in the textile sector], but in March 2024, we were at 34,151. The industry remains the second largest employer after the public sector. However, it had been experiencing a steady decline in recent years,” Makhakhe was quoted as saying by domestic media reports.

Increasing operational costs, supply chain disruptions, a decline in orders, financial strain, partly caused by delayed value-added tax refunds, have affected competitiveness of the country’s textile and clothing industry, she added.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
X
Advanced Search