Haiti, which is plagued with a crumbling economy, suffered a big blow when one of its largest textile factories announced to close off of its plant employing 3500 workers.
S&H Global, which is owned by the South Korean garment manufacturer Sae-A Trading Co. Ltd, announced the closure of its factory after strikes and social unrest led to numerous delays in shipments. The statement says besides numerous other problems the cancellation of some orders was a big blow. The company said uncertainty in deliveries forced its foreign buyers to shift to more reliable elsewhere in the Caribbean and Central American region.
The closure of this plant came at a time when poverty and hunger has reached new heights in Haiti. Gang violence is also on the rise in the country. Besides the loss of 3500 jobs, Haiti has also lost export orders at a time when foreign exchange was badly needed.
The S&H Global factory is located at a U.S.-backed industrial park in northern Haiti. The park was opened in 2012 and is believed to be Haiti’s largest private employer. S&H global while establishing the facility in the industrial park has promised an investment of $70 million and create 20000 new jobs Haiti’s Association of Industries officials maintained complete silence in this regard and refused to comment.
