• Sunday, Aug 09, 2020
  • Last Update : 11:11 pm

25,000 workers in state-owned jute mills to be sent into early retirement

  • Published at 05:28 pm June 28th, 2020
bjmc-jute-mill
Rajib Dhar/Dhaka Tribune

Textiles and Jute Minister Golam Dastagir Gazi made the announcement during a virtual press briefing on Sunday

The government has decided to send 25,000 workers of state-owned jute mills into early voluntary retirement in a bid to curb the losses incurred over the past years.

Textiles and Jute Minister Golam Dastagir Gazi made the announcement during a virtual press briefing on Sunday.

The workers will be sent into retirement through the golden handshake scheme, the provision in an employment agreement that states that the employer will provide a significant severance package if the employee is laid off.

“Due to mounting losses of BJMC (Bangladesh Jute Mills Corporation), the (state-owned jute) mills will be modernized in line with the native and global demands after a golden handshake process of the workers,” BSS quoted Minister Gazi saying during the online media call.

Underscoring the need for modernization of the BJMC-operated mills, he said productivity at the factories, run with 60 to 70 years old machines, are almost zero now, the report said quoting an official release.

The government will set aside Tk 5,000 crore for severance packages of the workers sent to retirement through the golden handshake scheme, said the minister.

“After the voluntary retirement, initiatives will be taken to run the mills in PPP or joint venture or G to G or lease model under the control of the government”, the BSS report quoted him saying.

The workers, who will be sent into early retirement, will get priority of jobs in the mills, when they reopen, according to the minister.


66
60
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail