| 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
|
US’ Dick's Sporting Goods’ net sales rise 6.2% to $3.02 bn in Q1 FY24 |
|
China's international trade surges in April 2024 |
|
Vietnam’s trade surplus tops $8 bn in Jan-May 2024: GSO |
|
PVH signs agreement for Cambodian garment workers |
|
ICE cotton continues decline, reversing earlier gains |
|
China’s economy projected to grow by 5% in 2024, 4.5% in 2025: IMF |