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International Trade committee I don't know. What we're focusing on, really, is providing jobs in the country. We think that's what's most important, and obviously it would have a negative impact on the employment level if we weren't there—for sure.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee There's an industry minimum wage.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee The industry minimum wage, I believe, is about $250 per month. That's what I understand. We pay wages over and significantly above that, and as I mentioned, offer significant benefits.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee For competitive reasons, we typically don't disclose that information publicly.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee For the average salary in Honduras, I wouldn't have that information at my fingertips today.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee As for what we do from a labour standpoint, first and foremost the wages that we pay are significantly above the industry minimum wages, but we don't stop there. We offer extensive benefits to our employees, and we keep building upon that year over year. As I mentioned, we have
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee Essentially what we do is we buy our raw materials, then, through our own controlled facilities, we manufacture the product.
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee It could be local suppliers in Central America. Our biggest raw material is cotton, in fact, in the making of our product. That comes primarily from the United States, where we have our yarn-spinning operations. Depending on the raw material that you're referring to, there are va
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee As I mentioned, we've had a very positive experience in Honduras. We have grown our operations from what started in 2001 as an initial investment in a sewing operation in the country to the point now where we've put in over $700 million, represented by four textile facilities, tw
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee What I can talk about is the experiences that we have. We have been in Honduras for over 15 years. We have made a significant investment. As I mentioned during my opening remarks, our CSR program is really an important part of the overall business strategy of the company. When w
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee We employ over 24,000 people in Honduras. We have had a very positive experience in the country and with our employees. The best example that I can give you is that when we have a job fair to hire people in the country, there are literally hundreds of people lined up outside of o
April 8th, 2014Committee meeting
Peter Iliopoulos
International Trade committee Thank you, Mr. Chair. Let me begin by expressing my sincere gratitude for the invitation to appear today. We have tremendous respect for the work of your committee. In particular, we are excited to contribute to your examination of the Canada-Honduras economic growth and prosper
April 8th, 2014Committee meeting
Peter Iliopoulos
Foreign Affairs committee Yes. Our biggest investment has been a technical school in Honduras. The objective of that school is really to get youth into a school, learn a trade, and be able to parlay that, to turn that, into employment in the future. It's not specific to the textile industry or our industr
May 28th, 2013Committee meeting
Peter Iliopoulos
Foreign Affairs committee I believe so. I think there's value that will come out of it, both for Canadian companies operating in Canada and for Canadian companies that have international operations all over the world. We'd be very happy, as the company Gildan, to play any kind of role the government would
May 28th, 2013Committee meeting
Peter Iliopoulos
Foreign Affairs committee The perspective we're coming from is that given all the recent tragedies that have happened in Bangladesh and given the level of exports that Bangladesh has into Canada—as I mentioned it's the second largest after China and it has reached over a billion dollars in 2011—our perspe
May 28th, 2013Committee meeting
Peter Iliopoulos