November 1, 2019


Consolidation of Manufacturing Operations

Gildan Activewear Inc. announced the closure of its Mexican manufacturing operations by the end of the first quarter of 2020, as part of its manufacturing optimization initiatives and in light of the current market conditions. The closure of the Mexican manufacturing operations will allow the Company to temporarily reduce capacity in the context of current demand softness in North America and international imprintables markets. Equipment from Mexico will be relocated to the Company’s manufacturing hubs in Central America and the Caribbean Basin.

We regret the impact this announcement will have on our manufacturing employees and the Company is committed to treating them fairly and with respect, as well as in accordance with all applicable laws in the related jurisdictions. We recognize the impact this difficult decision may have on workers and their families and remain committed to working collaboratively with them during this transition period. Gildan will be providing appropriate and competitive settlement packages to all employees as well as training on new skills and the facilitation of employment fairs to help them transition to new job opportunities.

Investor inquiries :

Jessy Hayem, CFA

Vice-President, Head of Investor Relations

(514) 744-8511

Media inquiries :

Geneviève Gosselin

Director, Global Communications and Corporate Marketing

(514) 343-8814