Tuesday, August 19, 2008

Globalization hits local companies

Every now and then, the effects of globalization hit close to home.

Today we learned that Everest Fashions, in Palmerston North, and Beardsley Pearce, in Levin, are being forced to close by the flood of cheap imported clothing from China.

The owner of Everest Fashions, Courtney Darby, said his company went into liquidation yesterday after 56 years of trading. About 28 women machinists were told of the closure on Friday.

Their last day at work would be this Friday, Mr Darby said. "There is no work. There's too many Chinese imports, cheap imports."

National Distribution Union president Robert Reid said about 15 Beardsley Pearce staff were advised of their fate yesterday.

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