Embattled Beximco Limited has announced another round of layoffs citing a lack of work orders, a decision that affects nearly 8,000 workers across five manufacturing units in its industrial park in Gazipur.
The government yesterday asked the banks that financed the embattled Beximco Group to submit information regarding the collateral kept by the group against the loans..The directive was given at a meeting among the secretaries of some ministries and senior officials of nine banks..At
The government is trying to find jobs for 40,000 laid-off workers of Beximco Group in factories within the Bangladesh Export Processing Zone Authority (Bepza) and the Bangladesh Export Zones Authority (Beza), a senior labour ministry official said.
The authorities of Beximco could not be reached for comment as they did not respond to phone calls.
It follows a directive from the finance ministry
The government has decided either to sell the ownership of a good number of Beximco Group companies or find entrepreneurs to lease these units out.
The group's inability to open new LCs has forced its factories to halt production
He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector
The authorities have promised to clear the dues by November. But the workers have not agreed to wait till then
Embattled Beximco Limited has announced another round of layoffs citing a lack of work orders, a decision that affects nearly 8,000 workers across five manufacturing units in its industrial park in Gazipur.
The government yesterday asked the banks that financed the embattled Beximco Group to submit information regarding the collateral kept by the group against the loans..The directive was given at a meeting among the secretaries of some ministries and senior officials of nine banks..At
The government is trying to find jobs for 40,000 laid-off workers of Beximco Group in factories within the Bangladesh Export Processing Zone Authority (Bepza) and the Bangladesh Export Zones Authority (Beza), a senior labour ministry official said.
The authorities of Beximco could not be reached for comment as they did not respond to phone calls.
It follows a directive from the finance ministry
The government has decided either to sell the ownership of a good number of Beximco Group companies or find entrepreneurs to lease these units out.
The group's inability to open new LCs has forced its factories to halt production
He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector
The authorities have promised to clear the dues by November. But the workers have not agreed to wait till then
The Appellate Division of the Supreme Court yesterday stayed a part of the High Court order that instructed Bangladesh Bank to appoint a receiver to manage Beximco Pharmaceuticals Limited.
