Govt. Reportedly To Plan For The Laid Workers of 16 Beximco Factories Up For Sale1 min read

The government has initiated plans to provide alternative employment for workers laid off from 16 apparel factories of Beximco Group in Gazipur Industrial Park, which are now up for sale  stated in a report.

The authorities will coordinate with relevant organizations to facilitate the process, including creating employment avenues for the 40,000 workers affected by the factory closures in December. Discussions are ongoing to determine the best methods to sell these industrial entities and settle their liabilities.

Read more: Square Pharmaceuticals Records First Revenue Loss in Its History

For mortgaged assets, banks will oversee auctions through designated legal channels. Non-mortgaged companies will follow standard procedures for asset sales. The government has requested detailed reports on the companies’ assets, liabilities, and workforce to ensure a smooth transition.

Additionally, Beximco is tasked with providing an accurate list of affected workers to streamline the reemployment process. Steps are also being taken to settle overdue wages, with provisions made for partial payments in recent months.

Efforts are underway to resolve the situation, ensuring both financial recovery and support for the displaced workforce.

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