Gildan Activewear Inc. confirmed that the current political situation in Honduras has had no impact on its operations or employees in Honduras. Honduran President Manuel Zelaya was ousted in an army coup on Sunday.
In a statement, Gildan said its sock manufacturing facilities in Honduras are continuing to operate normally at full capacity. The company is currently taking two weeks of market-related production downtime in its textile and activewear sewing facilities, which were previously scheduled prior to the development of the current political situation, in line with its previously stated objective to balance inventory levels with anticipated continuing weak market conditions for activewear in the wholesale distributor channel. Maintenance and administrative activities at Gildan's operations in Honduras are not affected.
