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HomeNews & ViewsIndustry FocusAn Analysis of Beximco and the Current Crisis in the Garment Sector

An Analysis of Beximco and the Current Crisis in the Garment Sector

Bangladesh’s garment sector is known as the backbone of our economy in the international market. Major institutions in this sector, such as Beximco, play a crucial role in economic growth and employment. However, the recent wage issues at Beximco have not only affected their organization but have also caused instability throughout the entire garment sector.

Wage Issues at Beximco and Their Impact

Beximco’s failure to pay workers on time has led to several problems, specifically:

  1. Instability and Distrust:
    • Workers are expressing anger due to unpaid wages.
    • Protests and roadblocks are causing anxiety among workers in other factories.
    • This instability is creating an environment of distrust across the entire garment sector.
  2. Impact on Competitor Firms:
    • Factories in areas like Dhaka EPZ, Chakrabarti, and Chandra are being affected by worker dissatisfaction.
    • Workers from other factories are also joining the protests.
  3. Loss of Confidence Among International Buyers:
    • Foreign buyers, seeing the worker protests, wage issues, and instability, are looking for alternative markets.
    • This is reducing Bangladesh’s opportunities to earn foreign currency through the garment sector.
    History and Current Status of Beximco
    Beximco once earned a reputation as one of Bangladesh’s largest garment companies. However, it has long struggled to pay wages on time. Despite citing reasons like the owner’s detention or other excuses, the reality is that Beximco has long-term weaknesses in its financial management. In the past, workers did not dare to protest, but the current situation is different.
    Solutions to the Situation
  4. Ensuring Proper Financial Management:
    • Large organizations like Beximco must ensure economic transparency.
    • The root causes of wage delays need to be identified and resolved.
  5. Strict Enforcement of Labor Laws:
    • Laws regarding wage payment must be strictly implemented.
    • The government should form special monitoring teams to address these issues.
  6. Coordination Within the Industry:
    • Efforts must be made to maintain good relations between workers and organizations.
    • Effective communication is required among owners, workers, and the government.
  7. Regaining International Buyers’ Trust:
    • Initiatives must be taken to ensure timely order delivery and worker rights.
    • Trade bodies and associations need to play an active role in reassuring foreign buyers.
    Although Beximco’s problems are internal, their impact is felt throughout the entire garment sector and the country’s economy. Protecting workers’ rights, ensuring the organization’s financial stability, and regaining the confidence of international buyers require a coordinated effort. Beximco is not just a company; it is a symbol of the country’s economic image. Therefore, its survival and success are important for all of us.

Ziaur Rahman
General Manager
Human Resources Department
Textown Group

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