Garment Industry Downsizing: What You Need to Know

“No work, no food,” as the old saying goes, emphasizes the importance of employment. News of downsizing can be unsettling, especially for garment workers. This article provides essential information about downsizing in the garment industry, helping you navigate these changes.

Why Do Garment Companies Downsize?

Several factors can lead to the difficult decision to downsize:

• Market Fluctuations: Fashion trends are constantly evolving and unpredictable. When the market slows, orders decrease, forcing companies to reduce production to balance costs.
• Intense Competition: The Vietnamese garment industry faces fierce competition from neighboring countries. To survive and thrive, businesses must restructure operations and improve productivity.
• Technological Advancements: Many garment companies are investing in automation and robotics, reducing the demand for unskilled labor.

Worker Rights During Downsizing

Regardless of the reason, downsizing significantly impacts workers’ lives. The law protects employees with specific rights:

• Advance Notice: Companies must provide written notice at least 45 days before termination.
• Severance Pay: Depending on length of service, employees are entitled to severance pay.
• Job Search Assistance: Some companies offer support in finding new employment opportunities.

What to Do if You’re Downsized

Losing a job suddenly can be a significant shock. Instead of despair, stay calm and proactive:

• Upskill: Consider vocational training to enhance your skills and meet market demands.
• Seek New Employment: Actively search for jobs matching your skills and experience.
• Start a Business: If you have a business idea, this could be the time to pursue it.

Conclusion

“Persistence pays off,” as the saying goes. While downsizing is challenging, it can be an opportunity for a better, more fitting job. Stay positive, learn continuously, and you will overcome this challenge and succeed.

If you need assistance, please contact us: Phone: 0968239999, Email: [email protected] or visit us at: TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.