FinanceTürkiye Official institution
Akın Tekstil scales down its textile operations, and employment contracts of some staff will be terminated
Akın Tekstil A.Ş. announced that, with the decision of its Board of Directors dated 16 October 2026, it has decided to scale down its textile operations. The company plans to terminate the employment contracts of employees other than essential staff by 30 December 2026. The downsizing is expected to be implemented as of 29 January 2027.
What does it mean?
The company is narrowing its textile business and plans to end the employment contracts of employees other than essential staff by 30 December 2026.
Who is affected?
Employees of Akın Tekstil other than essential staff, and its shareholders.