Gildan Closes Two Textile Plants In Mexico, Lays Off 1,700 Workers

Gildan Closes Two Textile Plants In Mexico, Lays Off 1,700 WorkersGildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. “As we looked at our cost structure in the future, we feel that we can achieve a much lower cost by limiting the facilities,” CEO Glenn Chamandy told analysts on the company’s earnings call Oct. 31. The closure of Gildan Activewear’s two textile plants — Cactex and Alstyle — in the cities of Hermosillo and Agua Prieta is related to declining sales and higher operating costs during the third quarter, company officials said.



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