The Board of Investment (BOI) has assured that the jobs of 3,674 employees formerly attached to Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd remain secure despite recent winding-up applications involving Hela Apparel Holdings PLC. In a statement, the BOI said the employees had already been fully absorbed into Emerald Clothing (Pvt) Ltd under a group restructuring exercise completed before the court filings. According to the BOI, the transfer covered 251 executives, 393 staff members and 3,030 team members, with 2,504 employees transferred on 1 May 2026 and a further 1,170 employees on 1 June 2026. The BOI said all transferred employees have continued their employment with Emerald Clothing with continuity of service under their existing terms and conditions. A BOI spokesperson said the agency places the highest priority on protecting workers’ livelihoods and will continue to monitor the transition while engaging with Emerald Clothing to safeguard employee interests. The clarification comes after Hela Apparel Holdings PLC, Hela Clothing Ltd. and Foundation Garments Ltd. filed applications in the Commercial High Court seeking court-ordered winding up, citing sustained liquidity constraints. The BOI stressed that those proceedings do not affect the employment of the transferred workforce. (Newswire) The post Hela closure: BOI assures jobs of 3,674 former Hela employees are secure appeared first on Newswire.
