Tough call was wise for Bendon shareholders

Friday 1st June 2001

Bendon has been vindicated over its tough decision to close its local manufacturing plants.

The local company was vilified for the decision when it announced just before the last election it would close its factories here and source all its product offshore.

It was blamed for causing job losses and criticised for using factories in Asia to produce its lingerie products.

But Bendon managing director Hugo Venter said if the company had not taken the move "we would have been in great strife now."

The company's chairman Ian Parton said after a full year of sourcing all of its product offshore it is apparent this was the right decision.

"Without the competitiveness and flexibility gained from offshore sourcing Bendon would not have been as successful as it has been given the significant downturn in retail markets in the second half of the financial year," Mr Parton said.

Comments from our readers

No comments yet