December 19, 2024 7:49 PM

Bangladesh’s largest conglomerate Beximco lays off 40,000 RMG workers:

In Bangladesh, the Beximco Group, country's largest conglomerate has laid off nearly 40,000 Ready Made Garment (RMG) workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka's outskirts of Gazipur. The Company notifications issued on December 15 informed all officials, employees and workers that the factories would enforce layoffs from December 16. The decision threatens the livelihoods of 40,000 RMG workers as the conglome...