Home / Knowledge / News / Apparel/Garments / 'Sri Lankan garment sector needs to revisit wage formula'
'Sri Lankan garment sector needs to revisit wage formula'
12
Mar '13
The wages in the Sri Lankan apparel sector have not risen at the same pace as the growth in GDP, export earnings or cost of living, and hence, there is a need to revise the wage formula, a noted economist has said.
 
Speaking at a seminar on “Foreign Investments & Garment Industry: What’s Wrong, Where”, Dr. Nishan De Mel, Director of Verite Research, suggested that wage increases be tied to net export earnings per worker.
 
The Sri Lankan apparel sector registered remarkable growth in terms of net export earnings per worker in 2011 and 2012, but wage rises have not been at par with export earnings, Dr. De Mel said.
 
He termed the annual wage increment of SL Rs. 25 to Rs. 35 during 2004 to 2007 as useless. He opined that the quick rise in annual wages between Rs. 150 to Rs. 200 since 2008 was meaningless in view of other factors.
 
According to him, the annual rise in wages of Sri Lankan garment workers had been out of reality and the Ministry of Labour should closely look at exports and wage trends in the clothing sector.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search