Coronavirus triggers collapse in garment industry demand, putting jobs in Asia at risk

"It's been very, very hard dealing with all the emergencies because we've been facing cancellations every day on almost a minute-to-minute basis," said Rubana Huq, president of the Bangladesh Garment Manufacturers & Exporters Association.

Huq expects many more cancellations to come as the industry faces "total uncertainty," she told CNBC on Monday. "My worry is, what is going to happen to so many people — 4.1 million — that are engaged in the garment sector and we are not being able to take care of them properly," she added. Sheto international fashion brands earlier last week, urging them to pay for and receive goods already under production.

This could be a disaster in Bangladesh, where I live. 4,000,000 garment workers unemployed will destroy a decade of economic progress and could lead to some ugly situations. Maybe convert to making PPE? They need a solution fast!

So Covid_19 is racist to Indian Asians now? Cool, what's next?

Hope those deep pocket designers take care of workers and does this mean I will see less half naked fashion nova models on social media!?

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Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
La source: CNBC - 🏆 12. / 72 Lire la suite »