Saipan : Another garment factory is shutting down in Tanapag
December 19, 2014
Fibre2fashion.com, India
POONG In (Saipan) Inc is closing its factory in Tanapag effective December 29, citing “global economic reasons and lack of garment production orders.†The garment factory’s closure will affect the employment of approximately 200 workers.
Poong In (Saipan) Inc is the 11th garment factory on Saipan to shut down since January 2005 when the World Trade Organization liberalized trade rules that now allow Third World countries to export more of their cheap garment products to the U.S Read more about Saipan : Another garment factory is shutting down in Tanapag …