VNE – By Tat Dat   February 4, 2024 | 09:00 pm GMT+7

Employees work in Garmex Saigon’s factory in Ba Ria – Vung Tau, southern Vietnam. Photo courtesy of the company

Garment company Garmex Saigon cut 1,947 jobs last year and closed the year with 35 employees during one of the hardest times for the garment sector.

This followed a 1,828-job layoff in 2022, bringing the total number of employees laid off in the last two years to 3,775, according to its financial reports.

Garmex Saigon, which has been operating for two decades, saw revenues plunge 35-fold to VND8.6 billion ($353,183) last year due to a drop in orders. It recorded no order in the last six months of the year.

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