Many manufacturers have already closed factories, while others decided to brace for difficulties by cutting expenses. Read more at straitstimes.com.
has been welcomed by many, but it is being seen as a giant threat to the survival of mask manufacturers already struggling to stay afloat here.
Mr Jung said there were around 50 mask manufacturing companies involved in a small association of mask companies in his region around Daegu from the early stages of the Covid-19 pandemic. However, less than 10 per cent of them have managed to survive. The government encouraged entrepreneurs to join the mask manufacturing industry to cope with the severe supply shortage caused by the pandemic. But then, it turned its back on the manufacturers.
Many people, including himself, became involved in mask manufacturing believing that there would be ample mask orders. But the orders that had been placed were later not needed when the time for payment came around. “Our sales dropped by around 50 per cent compared to the period before the announcement was made,” Mr Jung said.Their sales further dropped towards January this year as the government reviewed options to ease the country’s indoor mask mandate. Mr Jung said the company’s sales decreased around 30 per cent after the government’s recent announcement to lift the rule.
Mr Jung used to have 50 machines but sold around 30 of them. “Out of 20 machines that are left, my company only uses one or two machines these days,” he said. The number of his employees is also now just four, down from 50.
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