25 Feb 2009

Bonds, Holeproof company cuts 1,850 jobs

3:59 pm on 25 February 2009

Clothing manufacturer Pacific Brands is to cut 1,850 jobs in Australia over 18 months after posting a first-half loss of $A150 million and suspending its dividend.

The cost-cutting will result in Pacific Brands closing most of its Australian clothing and manufacturing operations, discontinuing small labels and brands, and selling properties or relocating operations.

The company's brands include Bonds, Holeproof, Jockey, King Gee, Hard Yakka, Dunlop and Clarks.

A total of 1,200 manufacturing jobs and 650 non-manufacturing jobs will go.

The ABC reports that the place hardest hit by the cuts will be a hosiery factory in Coolaroo, Victoria, where 298 jobs have been lost.

Jobs will also go at Bonds plants in Wentworthville, Unanderra and Cessnock in New South Wales.

There will be more cuts at Holeproof in Nunawading, Victoria, King Gee in Bellambi, New South Wales, and CTE in Brisbane.