The British Textile Giant is on The Verge of Bankruptcy: 24 Thousand People May be Unemployed

The British textile giant is on the verge of bankruptcy 24 thousand people may be unemployed


It is planned to appoint a trustee to the management of Edinburgh Woolen Mill, one of the leading textile manufacturers in England, due to financial difficulties. In the statement made by the company, it was stated that serious layoffs would be made, and experts said that 24 thousand people could be unemployed.

In the UK, due to the new type of coronavirus (Covid-19) pandemic, the ongoing restrictions since March continue to put pressure on retail companies, especially. Finally, textile manufacturer Edinburgh Woolen Mill, which includes world-renowned brands such as "Peacock" and "Jaeger", announced that it is preparing to appoint a trustee to the management of the company due to increasing financial difficulties.


The British textile giant is on the verge of bankruptcy 24 thousand people may be unemployed

WE HAVE BEEN VERY DIFFICULT IN THE LAST 7 MONTHS

"Like many retailers, we have had a hard time in the past 7 months. I believe we will find the best solution for our businesses in this process. However, there will be significant layoffs in our operations, some stores will be closed," said Steve Simpson, whose evaluations were included in the company statement. used the expressions.


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