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Business News of Thursday, 30 June 2016


Printex lays off 100 workers

A leading textile company, Printex Limited has laid off about 100 workers due to dwindling sales, TV3 has gathered.

TV3’s Josephine Frimpong reports that the company says it is unable to continue production due to the decline in sales, which it said has necessitated the need to lay off the workers.

The company attributed the development to influx of cheap pirated wax prints that have flooded the Ghanaian market.

The workers are expected to go home effective today, June 30. Printex Limited has been operating in Ghana for the past 50 years with over 500 local employees.