Why you should buy a new pair of socks in 2019
The socks that are still on sale aren’t coming off the factory floor in 2019, and the industry is already starting to feel the pinch.
The textile industry is reeling from a downturn in the market.
It has seen a 10 per cent decline in the value of its stocks over the past year.
The number of textile workers in Canada fell by 10 per in the past six months, while the number of workers in the apparel and footwear industry also fell.
It’s no secret that manufacturing has been in a slump for the past few years.
The downturn is mainly due to the recession, with many factories shuttered.
And that’s a big concern for many textile workers.
“It’s just the beginning of a real economic downturn,” said David McQuade, president of the Canadian Union of Public Employees.
Manufacturing jobs are expected to lose nearly half their value over the next few years, and that means more workers are losing their jobs.
We can’t be so quick to blame the downturn on one company, McQuADE said.
We need to look at the whole of the industry.
“McQuade has long campaigned against the closure of factories in Canada.
In the past, he has made a point of urging the federal government to make a concerted effort to keep textile manufacturing jobs in the country.
But the downturn has made it difficult for McQuades cause to be seen as a priority.
McQueade has made no secret of his concern that the government is failing to keep manufacturing in Canada as a whole.
He’s also been vocal about his concern over the lack of jobs created in the industry, saying the industry has been struggling to stay afloat during the economic downturn.
On Tuesday, he said he would continue to work to make sure Canada’s textile industry stays competitive in the global marketplace.
While McQuaders support of the textile industry has waned, he does not believe that the textile workers themselves have completely lost hope.
One of the main concerns that McQuackes concerns are with the ability of the company to keep producing, he told The Globe and Mail.
So, he is calling for the federal governments to do more to ensure that these textile companies stay in Canada, McQueades stated.
When asked if he thought the industry could stay afloat in the long run, Mc Quade responded, “Yes.”
There are some bright spots, he added, as he said there are more workers employed in the textile sector than ever before.
Even so, he’s optimistic about the future. “
I don’t think we are going to see that much change,” he said.
Even so, he’s optimistic about the future.
That’s because he believes that the industry will continue to grow and that there will still be jobs for many of these workers, he stated.