Lesotho: 5,000 Textile Jobs At Risk

Lesotho: 5,000 Textile Jobs At Risk

...as two textile giants mull shutdown over US tariffs

5000 textile jobs at risk

…as two textile giants mull shutdown over US tariffs Moorosi Tsiane LESOTHO’s once-thriving textile industry, long considered the backbone of the national economy, is now staring down a catastrophic barrel, with more than 5000 jobs hanging in the balance. One of the country’s textile giants, Lesotho Precious Garments (PTY) Ltd and its subsidiary, Maseru E-Textiles (PTY) Ltd, are preparing to shut down operations entirely due to a devastating new…