The Tk20, 393 ($ 184.6 ) that was initially requested by the worker representative on the Bangladesh Minimum Wage Board was significantly lower than the 56.35 % increase in worker wages that Bangladesh’s State Minister for Labor approved yesterday ( 8 November ), but it is still higher than Md Siddiqur Rahman, the representative of the garment factory owners.
The increase was made public in response to aggressive worker demonstrations that broke out across the nation to demand higher pay.
The Bangladesh Garment Manufacturers Exporters Association ( BGMEA ) issued an official notice to fashion brands, retailers, and buyers on behalf of the organization to “ensure better living for the workers,” as seen by Just Style.
However, the BGMEA also noted that its member shop owners, who have since 2013 invested in upgrades to assure factory safety and sustainability, would be under more pressure as a result of the wage increase.
” This is lowering the workers ‘ physical and motion demands, which will result in higher-quality deliveries.” Bangladesh has become a dependable, responsible, and one of the most popular procurement destinations thanks to all these efforts, the letter claims.
The BGMEA states in its letter to models, retailers, and buyers that it will make it a top priority to ensure the implementation of the new minimum wage.
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It forewarns that the introduction of the new minimum wage will have a “huge economic impact on the factories” and” challenge for many of our companies in the current economic and financial conditions.”
The letter continues,” To ensure continuous and softer operation in the industry, it is crucial that all prices of goods that will be shipped starting on December 1st, 2023, are formally adjusted/up-charged, covering the increase in wage component.”
Additionally, all business negotiations and agreements must follow the new minimum wage coverage.
” We intend to enhance our long-term purpose, which is to grow socially and effectively, with every energy and action we take.”
