October 2007

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Textiles sector comes under the strike wave (Turkey)

Turkey is experiencing the greatest wave of strikes since the 1990s. Unions seem to have become much more prone to declare strikes in order to demand higher wages, despite laborers' salaries having enjoyed increases with the dramatically falling inflation in the past four years.

According to estimates strikes may cause the economy to see a direct loss of at least $5 billion. Textiles are another sector that has come under the strike wave. The Turkish Textile, Knitting and Clothing Industry Workers' Union decided on a strike in 20 establishments. The Real Trade Union for Workers in the Weaving, Knitting and Garment Industry, committed to Labor Confederation, is also going on a strike involving 5,000 workers in six establishments.

The Turkish Union of Chambers and Commodities Exchanges Apparel and Ready Wear Assembly President Umut Oran stated that the sector's profit margin remained between 5% and 10% due to the negative impact of East Asia, said that Turkish economy doesn't have a chance to overcome a strike; as it means non-production and the decrease in the acceleration of the sector. The exports of the textile sector are around 25% and will reach $7 billion by the end of 2007.

 
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