Korean textile company conducting layoffs in Haiti

A Korean textile company is reducing its headcount in Haiti.

Sae-A Trading Co., which operates as S&H Global inside the Caracol Industrial Park in northeast Haiti, is closing one factory that employs 1,000 workers.

The company also is implementing “widespread” layoffs across its five remaining factories in northeast Haiti, bringing the workforce to 3,500 from 7,000, according to the Miami Herald.

Read more from the Miami Herald.