(Filed Under Fashion News). Tefron, an Israeli manufacturer of seamless lingerie, activewear and swimwear, has announced plans to layoff approximately 15 percent of their employees. This is part of a “streamlining plan” recently approved by the company’s board of directors.

Through the plan, the company also plans to combine productions sites in Jordan, and “increase the efficiency” of their knitting process. They will also expand marketing activities in Europe and open a factory surplus store in Israel.

The company sited the global economic slowdown as their reason for taking these measures.

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Published 03-04-2009 by Amanda Torres Price