Latest Breaking News On - Nien hsing international - Page 4 : comparemela.com

Massive job losses loom at Nien Hsing Massive job losses loom at Nien Hsing MASSIVE job losses are looming at leading textile manufacturer, Nien Hsing International. This amid revelations that the company will next month retrench at least 2500 workers to manage costs due to the Covid-19 induced slump in demand for denim products. This will leave the company with just 500 workers. Nien Hsing manager Ricky Chang this week told the Lesotho Times that the factory was suffering from a serious shortage of orders from buyers. The factory’s main market is the United States (US) which it has accessed courtesy of the African Growth and Opportunity Act (AGOA) trade concession which allows Lesotho to export products duty-free to that country.

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