Textile manufacturers are going bankrupt and fleeing abroad

While the textile sector, which employs approximately 600 thousand people and is a source of income for millions of people along with their families, is experiencing great difficulties, a proposal to investigate the problems of the textile sector was discussed in the Parliament.

Mehmet Emin Ekmen, Deputy Chairman of Yeni Yol Group, said, “75 percent of the manufacturers are losing money and cannot cover their costs. Large clothing companies have declared bankruptcy or fled to Egypt.”

CHP Kayseri Deputy Aşkın Genç also said, “In the first quarter of 2025, 2,147 companies operating in the textile and ready-made clothing sector were closed.”