(Filed Under wholesale Lingerie News). German lingerie company Triumph International has announced a restructuring program that will result in the closure of the company's production facilities in the Phillipines, and the reduction of production of Triumph's Thai facilities.
As part of the restructuring plans, which was instituted to "keep its business healthy in extreme market conditions," Triumph will cease manufacturing and distribution center operations in its plant in the Philippines, affecting 1,686 employees. The company will retain its sales and marketing centers in the Philippines.
Although the factory in Thailand will remain operational, manufacturing operations in Thailand will be reduced, which will cause 1,930 employee redundancies.
Led by their union, hundreds of underwear factory workers reportedly hung bras and panties at the Taguig City warehouse on June 28th to protest the planned closure of the plants.
Isabelita Dela Cruz, president of the Bagong Pagkakaisa ng mga Manggagawa sa Triumph International (New Unity of Workers at the Triumph International), reportedly urged the management to cut its profit margins instead of cutting jobs.
According to a Triumph spokesperson, "The company deeply regrets that any job losses are necessary, but is making every possible effort to ensure that all affected employees are being treated fairly and with respect for their contributions to the company."
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