Tuesday, May 28, 2024

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Dhaka Tribune

Around 51% factories yet to clear wages, 18.65% festival bonus

For BKMEA members, 191 factory units out of 626 (31%) have cleared wages, and 482 factories (77%) have paid bonuses

Update : 09 Apr 2024, 02:16 AM

Around 49% of total factories across the country have paid the wages of March to their workers till Monday, according to the data from the Industrial Police (IP).

Meanwhile, ahead of Eid-ul-Fitr, approximately 81% of factories have already paid out festival bonuses. These factories are set to close starting from Tuesday. According to industrial police data, out of 9,469 factories across various trades and trade bodies, 4,620 have cleared March wages, leaving 4,849 yet to do so. Among them, 7,703 factories have provided Eid bonuses to their workers.

Breaking it down further, among BGMEA members, 641 out of 1,561 readymade garment (RMG) factories (41%) have paid wages, while 1,380 RMG factories (88%) have disbursed festival bonuses. For BKMEA members, 191 factory units out of 626 (31%) have cleared wages, and 482 factories (77%) have paid bonuses.

However, there are still outstanding bonuses for various sectors. The data indicates that 26 BTMA members, 9 BEPZA factories, 10 jute mills, and 1,396 other sector factories have yet to clear Eid bonuses. Additionally, about 100 factories haven't paid February wages, primarily in the RMG and textile sectors.

A senior official from the Industrial Police expressed optimism that most factories delaying February salaries will resolve the issue by April 9. BGMEA Vice-President Md Nasir Uddin acknowledged annual financial challenges faced by some factories but assured efforts to ensure timely payments, emphasizing that workers won't leave without their dues.

On March 20, State Minister for Labour and Employment Md Nazrul Islam Chowdhury announced a decision to provide March salaries and festival bonuses to RMG workers before Eid. This decision was made during a meeting of the tripartite consultative council of the RMG sector.

In response to potential traffic congestion, many factories have already initiated their Eid-ul-Fitr holidays, prioritizing smooth journeys for their workers.

Earlier, the government introduced a new wage board for the RMG factories last year, which was implemented from December 2023.

On the other hand, RMG export trend is not in a sustainable situation in this fiscal year due to the ongoing global economic headwinds. The country witnessed negative export earnings growth for several single months of FY24.

Industrial Police and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) officials said some factories which are yet to implement a new wage structure as the financial crisis is delaying payment to workers.

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