HanesBrands to shutter El Salvador plant on lower demand
SAN SALVADOR, Nov 17 (Reuters) - U.S. apparel company HanesBrands will close one of its plants in El Salvador, the company said in a statement on Friday, citing global economic conditions and low consumer demand.
The closure will occur gradually, starting with 702 employee layoffs on Friday, the statement said. (Reporting by Nelson Renteria; Writing by Brendan O'Boyle; Editing by Kylie Madry)