PHNOM PENH (The Phnom Penh Post/ANN): In a tumultuous period for the garment industry, the year 2020 brought the closure of 129 factories in the Kingdom, affecting over 70,000 workers while 112 new factory openings created more than 20,000 jobs.
In a tumultuous period for the garment industry, the year 2020 brought the closure of 129 factories in the Kingdom, affecting over 70,000 workers while 112 new factory openings created more than 20,000 jobs.
The Kandal Provincial Court has put two factories up for auction with proceeds from the sales set to compensate workers who have gone unpaid.
Dignity Knitter Limited and Eco Best Factory in Takhmao town’s Sitbou commune in Kandal province will be auctioned on December 29, according to a court notification on December 14. Paper and verbal bids will be accepted in a hearing at the courthouse with bidding starting at $1,777,000.
“During this time, members of the public may view detailed documents of movable property contained in the facilities and valuation reports. They may also make on-site inspections from the date of this public announcement up to three days before the date of auction,” the notification said.