| Wage hike implications weigh heavy on Bangladesh apparel makers
14 Mar 24 6 min read
Insights
- First minimum wage set at Taka 930 (~$8.47) in 1994.
- Subsequent revisions raised minimum wage, culminating in Taka 8,000 (~$72.87).
- Minimum wage now fixed at Taka 12,500 (~$113.85).
- 79 per cent buyers yet to increase prices, reports claim.
- Labour constitutes major part of production cost.
- Overall cost of doing business went up by almost 20 per cent, claimed some.
To read the full story, become a PRIME member today.
Already a member? Log in
PRIME
Unlimited Access to
Insightful Industry Information
Insightful Industry Information
All Corporate Members and TexPro Subscribers are eligible to access F2F PRIME CONTENT using the same login credentials.
Latest News Insights Exclusive Industry Articles & Features Detailed Article Analytics & Insights Digital Edition of Fibre2Fashion Magazine Get notified in your mailbox
Popular News
|
China's fabric exports rise in Q1 2024; Vietnam leads as top market |
|
India's Finance Ministry to revamp duty drawback disbursement process |
|
Global recovery may have propelled India’s FY24 GDP growth to 8%: SBI |
|
ICE cotton continues decline, reversing earlier gains |
|
Limited trade in cotton yarn as north India awaits poll outcomes |
|
China's international trade surges in April 2024 |