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Clothing and Textiles  // Browsing posts in Clothing and Textiles

JOBS BY A THREAD

Claire Bisseker asks Southern African Clothing & Textile Workers’ Union (Sactwu) general secretary Andre Kriel about Seardel’s plans to close Intimate Apparel and retrench 800 workers CB: Was Sactwu’s 2008 decision to rescue Seardel, through Its acquisition by HCI, a bad investment decision? AK: It was a good decision and never an investment for profit, […]

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29 Jul 2010 Clothing and Textiles

SACTWU ASKS TO DISCUSS FACTORY CLOSURE

The Southern African Clothing and Textile Workers’ Union (Sactwu) had requested an urgent meeting with Woolworths to discuss the pending closure of one of the retailer’s suppliers, the union said yesterday. Seardel’s Intimate Apparel, a Cape Town-based under* wear and swimwear manufacturer, might be forced to close down, Sactwu said. “Should the closure of this […]

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29 Jul 2010 Clothing and Textiles

WOOLIES KEY TO KEEPING SWIMWEAR MAKER AFLOAT

THE SA Clothing and Textile Workers’ Union has called for an urgent meeting with Woolworths to discuss the pending closure of Intimate Apparel – a local underwear and swimwear manufacturer. Intimate Apparel has Woolworths as its main client. It was reported at the weekend that the manufacturer’s owners, the Seardel group, planned to shut it […]

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28 Jul 2010 Clothing and Textiles

‘RETAILERS TO BLAME’ FOR CLOSING OF SEARDEL UNITS

The South African clothing industry has been dealt another heavy blow by the news that clothing manufacturer Seardel Group is planning to close down its Intimate Apparel division in Cape Town due in part to what unions have said was “the refusal by Woolworths to improve the prices it paid” for merchandise. Seardel said this […]

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26 Jul 2010 Clothing and Textiles

AXE HANGS OVER 800 SEARDEL WORKERS AS RESTRUCTURING EFFORTS FAIL

More than 800 workers would be affected by the proposed shutdown of clothing and textile giant Seardel’s Intimate Apparel division, bringing the total number of retrenchments at the company for the year close to 2 000. Clothing industry insiders were outraged at Seardel chief executive Stuart Queen’s confirmation at the weekend that it proposed to […]

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26 Jul 2010 Clothing and Textiles

SACTWU TRIES TO SAVE 800 WORKERS

The SA Clothing and Textile Workers Union is negotiating with the management of a company owned by its investment company, to save 800 workers faced with retrenchment. This after weekend reports the Seardel group was planning to shut down its Intimate Apparel division, based in Epping, by November. Sactwu owns about 40 percent of Hosken […]

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23 Jul 2010 Clothing and Textiles

800 JOBS ON THE LINE AT SEARDEL APPAREL DIVISION

Up to 813 permanent employees are set to lose their jobs after textile and apparel group Seardel Investment Corporation proposed closing down Intimate Apparel SA, a division which manufactures and distributes ladies lingerie and swimwear, as a result of significant ongoing losses. Seardel CEO Stuart Queen said the board of directors had made a principle […]

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24 May 2010 Clothing and Textiles

SEARDEL’S TURNAROUND SHAPES UP

DISTRESSED clothing and textile manufacturer Seardel made significant inroads into turning its operations around in the year to February and said it would continue its case against former directors of the group, including recently deceased Aaron Searll. Seardel’s generated gross profit of R612 million from turnover of R2.6 billion in the review period. The group’s […]

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30 Nov 2009 Clothing and Textiles

CLOTHING INDUSTRY JOB LOSSES CONTINUE

AT LEAST 80 000 jobs have been lost in the local clothing and textile industry over the past six years as companies continue to downsize or close their doors. Statistics released by the Cape Clothing Association (CCA) last week reveal that nearly 10 000 Jobs are lost in clothing and textiles each year due to […]

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19 Nov 2009 Clothing and Textiles

ONE STITCH AT A TIME

BUT WOULD HCI CONSIDER DELISTING SEARDEL? SEARDEL’S INTERIM RESULTS to end- September do little to dispel the notion that majority shareholder Hosken Consolidated Investment-. (HCI) will kittle long and hard to make a return from an operational turnaround at the struggling clothing and textile conglomerate. Vestact’s Paul Theron – a well-known market commentator – recently […]

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