FACTORIES VANDALISED
Manufacturing facility homeowners mentioned the trade faces greater prices, power market uncertainty linked to battle within the Center East and slowing demand in key export markets.
Mahmud Hasan Khan, president of the Bangladesh Garment Producers and Exporters Affiliation, mentioned round 20 to 25 factories had been vandalised through the unrest and the workplace of a leather-based items manufacturing facility was additionally attacked.
“If this continues and factories are repeatedly compelled to close, we may have no possibility however to invoke the ‘no work, no pay’ provision,” he mentioned.
Residence Affairs Minister Salahuddin Ahmed warned of strong motion: “These performing in opposition to staff’ pursuits underneath the guise of labour protests and trying to destabilise the nation can be handled firmly,” he mentioned.
Selim Raihan, an economics professor on the College of Dhaka, mentioned that staff’ calls for had been comprehensible given excessive inflation and mentioned there could possibly be additional unrest.
Nonetheless, a considerable wage enhance might increase manufacturing prices, squeeze revenue margins and weaken Bangladesh‘s value competitiveness, he mentioned.
“A phased wage adjustment, improved productiveness and fairer pricing from worldwide patrons are important to balancing staff’ welfare with industrial sustainability,” he mentioned.
