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Sajith claims of job losses due to MAS Holdings' factory closures
Daily FT
|February 25, 2026
However, EDB Chief says MAS professionally dealt with closure with no disadvantage to employees Earlier this week MAS said employees offered alternative placements locally and abroad with relocation support Workers opting out to get over and above statutory compensation including pay and bonuses to end-April
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OPPOSITION Leader Sajith Premadasa yesterday said the closure of two factories operated by MAS Holdings could deal a setback to the economy, with an estimated 26,000 workers set to lose their jobs.
Speaking at an event in Kupiyawatte, he said the relocation of certain apparel manufacturing operations from Sri Lanka to India would further weaken the country’s industrial base.
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