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June 30, 2009 Weblog:

Gildan Activewear, from Haiti to Honduras

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Following a media blip after the 2004 coup in Haiti, Montreal's Gildan Activewear has again scored media attention in Canada, this time for its operations in post-coup Honduras.

The National Post reported today that:

While the day-to-day operations of Gildan’s manufacturing facilities are unlikely to be affected, an estimated 60% of its activewear and more than 50% of its socks are made in Honduras.

So after 30 years of peaceful democracy, [Desjardins Securities analyst Martin Landry] now believes investors will apply a geopolitical risk discount to Gildan. The analyst sees little risk that the country’s assets will be nationalized and suggested the coup may turn out to be a positive for Gildan if it brings back a more business-friendly government.

(Emphasis mine). I think it's time to set the Canada Haiti Action Network's team of intrepid researchers on Honduras, following the scent of a sweatshop-made t-shirt.

[Photo of street fighting in Tegucigalpa immediately following the coup by Oswaldo Rivas.]

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The Dominion is a monthly paper published by an incipient network of independent journalists in Canada. It aims to provide accurate, critical coverage that is accountable to its readers and the subjects it tackles. Taking its name from Canada's official status as both a colony and a colonial force, the Dominion examines politics, culture and daily life with a view to understanding the exercise of power.

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