A very bad news for the ailing Nepalese export sector:
J.D. Apparels Garment, one of the biggest companies to export knitted fabric to the leading business house in the U.S., has been shut down from Monday, all thanks to global economic crisis.
With the closure of the garment industry along with its washing, pasting and embroidery plants located in Katahari VDC of Morang district, 1,277 workers have lost their jobs.
The company management said that they chose to close it after GAP Inc., a leading garment company in the U.S. that had been receiving its production from its inception, wrote that the latter was no longer ordering its production due to global recession recently.