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25pc garment factories shed jobs despite receiving stimulus: CPD
This is breach of conditions as owners agreed while taking the funds that they won’t lay off workers Star Business Report Star Business Report
Twenty-five per cent of garment factories that received loans from the taxpayer-backed stimulus package retrenched workers in a breach of conditions, according to a study of the Centre for Policy Dialogue (CPD).
The retrenchment indicates that the stimulus package could not guarantee jobs as many factories terminated workers. The factories had agreed that they would not lay off anybody while availing the stimulus fund.
The government has allocated Tk 10,500 crore to the garment industry as the stimulus package to help them pay wages and allowances to their workers since the crisis hit the country in March last year.
FEATURE: Kurigram, Bangladesh – Rural women together tackling multiple crises
Format
In Kurigram district of Bangladesh, a women-headed, community-based organisation is training rural women and extending support to deal with Covid-19 and monsoon floods. Md Fahad Hossain reports. This is the 35th story from the Voices from the Frontline series by ICCCAD and CDKN.
Kurigram, located in the northwest region, is the poorest district of Bangladesh. The northwest region has already started facing slow onset climate change (temperature rise, changes in precipitation, drought) as well as sudden climatic shocks (floods, erratic rainfall). Such climatic events put huge pressure on the livelihood of the inhabitants of this region.