An assembly factory will be closed and 3,500 people will be laid off, according to a Thursday announcement from one of Haiti’s largest textile firms, dealing yet another blow to the nation’s failing economy.
Strikes and social unrest have caused several shipping delays, order cancellations, and other issues, according to a statement from S&H Global, whose parent firm is South Korean clothing maker Sae-A Trading Co Limited. The business said that as a result, its customers had chosen to work with other, more dependable suppliers and manufacturers in the Caribbean and Central America.
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The news comes as gang violence has increased and poverty and hunger spread throughout Haiti.
At a significant US-backed industrial park in Caracol, northern Haiti, S&H Global is the dominant tenant. The park began operations in 2012 and is thought to be the biggest private employer in Haiti.
S&H Global said at the time that it will invest more than $70 million to generate almost 20,000 employees.
Requests for feedback from members of the Haitian Association of Industries were not immediately fulfilled.
