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"Transferring production will improve efficiency and productivity and reduce our environmental impact," the company said.
The company said that transferring production to its sites in Rugby, east London and Leeds would deliver "significant productivity and efficiency savings" in its manufacturing operations.
Transferring production to the United States will help Gildan save about $4 million a year, or 13 cents a share.
He is also setting up factories in some of the inland provinces.Again, wage costs are not the only consideration in transferring production from China back to America.
General Motors, Ford Motor and Fiat are all transferring production to Brazil, and with negotiations between Buenos Aires and Brasilia to revamp the Mercosur trade union bogged down, big layoffs are probably inevitable.
In October 1999, when transferring production from an outside contractor to its own factory, the company eliminated a seemingly unnecessary production step, a dip in acid to prevent corrosion.
Similar(44)
Since 2004, the Menier Chocolate Factory has been a successful theatre, transferring productions to the West End and Broadway.
Transferring productions, especially plays, from London to New York is becoming more common, with the incentives increasingly abundant at a time when creating a Broadway production from scratch is growing more expensive.
First they transfer production of overseas-designed products to China, then they strip down product features.
Because of its success, the economy was forced to turn in other directions, and the manufacturers of low-technology products found that to compete they had to transfer production to low-cost countries.
Dairy Crest plans to transfer production to its own plants, generating "significant efficiencies", said chief executive Drummond Hall.
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