HanesBrands to shutter El Salvador plant on lower demand

Hanesbrands

18/11/2023 24:31

SAN SALVADOR, Nov 17 (Reuters) - U.S. apparel company
HanesBrands  HBI.N  will close one of its plants in El Salvador,
the company said in a statement on Friday, citing global
economic conditions and low consumer demand.
    The closure will occur gradually, starting with 702 employee
layoffs on Friday, the statement said. 

 (Reporting by Nelson Renteria; Writing by Brendan O'Boyle;
Editing by Kylie Madry)
 ((Brendan.OBoyle@thomsonreuters.com;))