Home / Knowledge / News / Textiles / H&M seeks increased minimum wage in Bangladesh RMG sector
H&M seeks increased minimum wage in Bangladesh RMG sector
05
Sep '12
Hennes and Mauritz (H&M) seeks an increased minimum wage and annual wage reviews in Bangladesh. The CEO of H&M, Karl-Johan Persson, met the Prime Minister of Bangladesh, Sheikh Hasina, in Dhaka, Bangladesh. During the meeting, Karl-Johan Persson presented H&M’s request for an increased minimum wage and annual wage reviews for workers in the Bangladeshi textile industry.

“Since foreign trade plays a major role in the development of countries as a source of economic growth, we believe that it is in the interest of the Bangladeshi textile industry, as well as in our interest, that the industry continues to develop into an advanced and mature textile industry. Stable markets in which people are treated with respect, and where the workers are properly compensated by their employers, are of the utmost importance,” says Karl-Johan Persson, CEO of H&M.

H&M urges the Bangladeshi government to consider an annual review of the local minimum wage that takes national inflation and the consumer price index into consideration.

Since the minimum wage for textile workers was first set in 1994, it has only been revised twice, in 2006 and 2010. Since 2010, there has been an increase in the inflation rate that has been recorded by World Bank data in 2011 and 2012. If a proper review system is created and enforced, these revisions will help address the basic needs of the workers and bring greater stability to the market.

This in turn will help employers and buyers to work together and focus on productivity as well as on developing a constructive framework to improve resource efficiency in the textile and garment sector.

Bangladesh is an important buying market for H&M. H&M has been buying from suppliers in Bangladesh since 1982 and opened a production office in Dhaka in 1983. H&M does not own any factories or make decisions on wages, but like all companies buying products from Bangladesh, H&M has a responsibility towards everyone contributing to the success. The Bangladeshi government is the only body with the power to increase the minimum wage.

As a company with a clear commitment to workers’ rights and to doing business in Bangladesh, H&M looks forward to prompt action regarding the minimum wage issue and the question of annual wage reviews for workers in the Bangladeshi textile industry.

Hennes & Mauritz (H&M)


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search