Coimbatore: Demanding the central and state governments to fix a price for yarns, powerloom owners from Chithode in Erode district went on an indefinite strike on Sunday.
According to powerloom owners, fluctuation in yarn price may force the units to close, which would lead to loss of jobs to 10,000 people directly and directly.
More than 3,000–4,000 powerloom units are functioning at Chithode, Thayirpalayam, Mamarathupalayam in Erode district, where grey cloths are produced. The grey cloths are sold to other states for making garments. The yarn price has been increasing day-by-day and the powerloom owners are not able to increase the rate of the grey cloths. So, they are forced to sale the cloths with a loss of at least Rs 5 for per metre.
According to powerloom owners, fluctuation in yarn price may force the units to close, which would lead to loss of jobs to 10,000 people directly and directly.
More than 3,000–4,000 powerloom units are functioning at Chithode, Thayirpalayam, Mamarathupalayam in Erode district, where grey cloths are produced. The grey cloths are sold to other states for making garments. The yarn price has been increasing day-by-day and the powerloom owners are not able to increase the rate of the grey cloths. So, they are forced to sale the cloths with a loss of at least Rs 5 for per metre.
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