TCL Group has announced the closure of its Packaging company. RISHI RAGOONATH

TCL’s Packaging Limited will cease operations next month as the TCL Group says it has become uneconomical to continue.

Some 50 workers will be affected.

In a statement issued, the group said effective February 15, the Paper Sack Manufacturing Subsidiary will no longer be operational.

It added that given the ongoing capital investment required for equipment upgrades, it became non-viable.

The move is expected to protect the group’s largest investment – its cement, concrete and aggregate manufacturing operations, safeguarding national and regional construction sectors, economies and interests.

The TCL Group said it will extend counselling services to the 50 workers through the Employee Assistance Programme (EAP) as well as the consideration of re-tooling training.