Textile firms lose over E500m in 5 weeks
MBABANE - After halting business for almost five weeks due to strikes, textile firms in Nhlangano will have to work hard to meet the loss incurred.
About three firms in Nhlangano stopped operations, after workers in the different firms decided to strike for better working conditions.
This includes Zheng Yong Eswatini (Pty) Ltd which lost an estimate of over E120 million when production was halted five weeks ago.
The firm said the strike resulted to the stop in production and they were not able to ship their products to customers in time.
Delay
They mentioned that the delay resulted to the company losing money, as they could not meet the supply target on time.
“The unrest affected our production and we were not able to meet the intended target on time which resulted in us losing money,” mentions the firm.
Zheng Yong Eswatini (Pty) Ltd Human Resources Manager Peter Mkhwanazi, said they would welcome back workers as their absence had affected the company.
FTM Garments production was also disturbed, which resulted to the textile firm losing over E210 million. The firm also said they enquired operational expenses and production had been set back to about three working weeks.
They said that this meant they had a
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huge workload and less time to meet the demands of the market which are time efficient.
“Our factory is divided into two because the demand of the market we supply is high, halting production for about 5 weeks disturbed our process as we could not meet the intended target,” they said.
FTM Garments Public Relations Mananger Samuel Mdluli, confirmed that employees signed forms and also returned back to work. He also stated that some workers were working by noon on Monday. Ho’s Enterprise Pty (Ltd) was also not spared from the ordeal as they also incurred losses estimated to be over E100 million.
Demand
The firm, which employs over 500 people, said the demand in the market was higher than what they were expected to supply over the past weeks.
They said closing the firm resulted to a setback in production for about five weeks and they were expected to meet the demand before they lost the market.
“We made a loss due to the unrest and we are not sure how long it will take for us to recover from it, customers have been calling and the delay means we have to push harder,” they said. The firm also mentioned that the return of workers would assist them meet the intended target but if the unrest persists, they would fail to meet the market demands.