Arabian Gulf Business Insight on MSN

More layoffs likely in embattled Turkish clothing sector

Turkey’s hard-hit but sizeable ready-to-wear and textile sectors face further contraction as rising costs – steep interest rates and rising wages – erode competitiveness, according to industry ...
ISTANBUL, Nov 23 (Reuters) - Turkish clothing manufacturers, the third-largest suppliers of apparel to Europe, face higher production costs and risk falling further behind their Asian rivals after the ...