The wave of closures in the textile and clothing industry has not yet ended, and many companies in the sector may cease operations in Estonia in early spring, said Kristiina Tikerpää, CEO of A La Carte Uniforms.
“I talked to some manufacturers, and they took a wait-and-see approach. They have been saying for several seasons in a row that they will probably have to close soon,” she noted, adding that sometimes orders appear and companies decide to continue operating, but this is not easy.
Related articles
The total turnover of Estonian companies in the clothing and textile industry has decreased by an average of 10% over the past year, but market shares have not changed significantly – the 15 largest companies control 60% of the market, according to the competition report of Infobank Äripäev.
The Greenful production complex planned in Sillamäe, which will process textile waste into construction materials, has received 39 million euros from the Ida-Viru County Just Transition Fund.
Estonian small businesses, of course, dream of conquering the world, but they prefer to act carefully: the local market is convenient, familiar and safe for them.
Telia Digital Cleaning Day will take place on January 31st. Let’s remember how the Estonian Defense Forces carried out a digital cleanup this year, during which tens of terabytes of digital waste were removed from IT systems and devices.
Source: www.dv.ee
