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RMG owners distressed by labour strife, transfer ownership
Nov '10
Reports reveal that, the transfer of ownership in the country's readymade garment sector is picking up at a greater pace than before. Also, other RMG units distressed by labour strife too are seen transferring their ownership in hands of foreign investors.

Bangladesh's garment industry, which is the country's most thriving industry, is likely to witness many ownership transfers in near future. It is not long before that, some non-workers or outsiders having vested interest were seen intentionally provoking the workers in many factories. This ultimately resulted in labour strife and as the factory owners were facing difficulties in continuing their business, the process of takeover started following.

Several people do feel that, arousing such labour troubles and other issues in the industry thereby leading to large scale mayhem, lack of law and order as well as non-functionality, was part of a game plan intended at inculcating a desire among the owners for selling the business, rather than making vain efforts to continue it.

No doubt the private owners are at liberty to sell their units to anyone and no one has any right to oppose it. But, there would be firm reasons to reconsider the situation from a different view point if those buyers come out to be the main players who acted behind instigating labour unrest in the sector to such an extent that the owners had to take the decision to sell off their units in a state of fear and anxiety.

Fibre2fashion News Desk-India

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