Covid-19: A global approach to protecting garment workers in supply chains as Cambodia faces up to 500,000 job losses

[geovalin]

The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. Ken Loo, secretary-general of GMAC told Khmer Times that the majority of buyers of Cambodian garments and textiles have already cancelled their orders. However, the association could not put a specific monetary value on what the cancellations will cost.

 

“A large majority of buyers have cancelled orders with our factories, however, we have not been able to determine a specific dollar value, as of yet. We do know that the bulk of these cancelled orders have come from both the US and EU markets, which represent 28 percent and 46 percent of our export market respectively,” Ken said.

 

“If we do a calculation on these two figures we reach 74 percent, out of the approximate 750,000 workforce in the garment sector – this equates to around 500,000 workers that have been impacted by these cancellations,” Ken added. Magnify this problem globally and the situation becomes totally dire. Apparel companies around the world responded to the Covid-19 crisis with an immediate resort to the risk-mitigating measures built into global supply chains. Their mass cancellation of orders has left factories around the world without cash to pay their workers.

 

read more https://www.khmertimeskh.com/50716165/covid-19-a-global-approach-to-protecting-garment-workers-in-supply-chains-as-cambodia-faces-up-to-500000-job-losses/

[Redline]

Time to give stolen money back to the people