Tasmanian weaving mill to shed 50 jobs

Australia's only towel-weaving mill announced the closure of its Tasmanian plant over six months. Source: AAP

FIFTY jobs will be lost in Tasmania with Australian Weaving Mills (AWM) moving its Devonport operation to Victoria.

Australia's only towel-weaving mill has announced the closure of the northern Tasmanian plant over six months.

AWM manufactures brands including Dri Glo, Esprit and Country Road.

Chief executive Geoff Parker said a downturn in retail, increased costs and the high Australian dollar were to blame.

"Despite maintaining good market share in a sector that has ostensibly declined, and implementing partial redundancy programs over the past two years, the company has struggled to break even with its current cost structure and historically low volume," he said in a statement.

Some employees would have the chance to move to the company's Wangaratta plant, Mr Parker said.

He said retrenched workers would receive their full entitlements.

The company has operated in Tasmania since 1952, receiving financial support from the state government since the 1980s.

Most recently it received a $2.5 million loan, which was repaid, to see it through the global financial crisis.

"The government has done everything in its power, over many years, to support Australian Weaving Mills' Devonport operation," Deputy Premier Bryan Green said.

"The factors involved in this decision are outside the government's control."

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