Home / Knowledge / News / Apparel/Garments / H&M urges Bangladesh govt to raise garment workers' pay
H&M urges Bangladesh govt to raise garment workers' pay
17
Oct '14
Tofail Ahmed (L) and Karl-Johan Persson
Tofail Ahmed (L) and Karl-Johan Persson
Hennes & Mauritz AB (H&M), a Swedish multi-national retail-clothing company, has requested the Government of Bangladesh for continued increase in the wages of workers in the garment industry through annual revisions.

At a meeting with Bangladesh’s Minister of Commerce Tofail Ahmed in Dhaka, Karl-Johan Perrson, CEO of H&M, urged for developing effective systems that regulate costs and prices in Bangladesh.

Karl said the absence of efficient systems of cost control is leaving both workers and business owners in a difficult situation.

With the textile and apparel industry of Bangladesh developing continuously, the needs of workers as well as the continued competitiveness of the Bangladeshi textile and clothing industry are also increasing. Therefore, a continued wage development through annual revisions based on cost price index is necessary, according to Karl.

H&M also encouraged the Government of Bangladesh to address the issue of cost regulation, on for example rent and basic commodities, the company said in a statement.

Karl-Johan Persson highlighted the importance of establishing a structure for compensation in case of workplace accidents and a greater government attention on the shortage of clean water, which could lead to major health issues as well as a halt to the development of the Bangladeshi textile and garment industry.

Karl said that Bangladesh is an important buying market for H&M and they are committed to grow their business there.

H&M’s sourcing in Bangladesh has grown faster than in other markets, and today the company sources its products from around 300 factories employing over 600,000 workers.

Although H&M does not own any factories in Bangladesh, the company plans to use its influence to promote long-term change and make sure that the communities in Bangladesh benefit from H&M, Karl added.

For H&M, it is important that the Bangladeshi garment industry is further stabilized, since foreign trade in general and specifically garment production plays a major role in the industrial development of emerging markets.

H & M comprises six independent brands that include H&M, COS, Monki, Weekday, Cheap Monday, and & Other Stories. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Nuno Venda
ROQ

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

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search