The rise and fall of garment firm Garmex Saigon

The rise and fall of garment firm Garmex Saigon

From a peak of nearly 4,000 employees and revenues of over VND2 trillion ($82 million), textile firm Garmex Saigon has slipped to no orders and just 35 personnel.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Textile firm Garmex Saigon cuts 1,797 staff in Q1

Textile firm Garmex Saigon cuts 1,797 staff in Q1

Vietnam's Garmex Saigon Corporation (GMC) cut 1,797 employees in the first quarter of this year to 185, less than one tenth of the number at the beginning of the year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7