EUROPEAN MINIMUM WAGE RULE IMPACTS CLOTHING SOURCING DECISIONS
July 30th, 2022
The striking of a political agreement over a European Union (EU) directive that will guide how its 27 member states set minimum wages, with the goal of increasing pay in low salary sectors such as clothing and textile manufacturing, is being watched closely by the fashion industry.
Europe has traditional strengths in making clothes and textiles, especially luxury lines, but its relatively high costs has left it exposed to competition from near-sourcing hubs in north Africa and the Middle East, such as Turkey.
The new law, which is now expected to come ...
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