Factory open, no layoffs in production units: Beximco Ltd
The company’s largest division is Textiles, which is a fully integrated manufacturer of cotton and polyester blended garments for men, women and children, both for domestic and export markets
Bangladesh Export Import Company Ltd, widely known as Beximco Ltd, has clarified that its production units remain fully operational, with no workers laid off.
In response to a Dhaka Stock Exchange (DSE) query dated 22 December regarding a news report about layoffs, the company issued a statement published on the stock exchange's website today.
"Bangladesh Export Import Company Ltd has been in operation, and none of its units have been laid off. The 15 apparel units mentioned in the news item as being laid off are not concerns of Bangladesh Export Import Company Ltd."
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Beximco Ltd, listed on both stock exchanges, is the largest entity within the Beximco Group. It operates across diverse sectors, including textiles, PPE, ceramics, ICT, real estate, marine food, and commodity trading.
The company's largest division is Textiles, which is a fully integrated manufacturer of cotton and polyester blended garments for men, women and children, both for domestic and export markets, according to its website.
Osman Kaiser Chowdhury, a director of Beximco Group and managing director of Beximco Ltd, told TBS on 17 December that the Beximco Group laid off 30,000 workers from its 16 apparel factories in Gazipur Industrial Park, citing a lack of orders and banking support following the ouster of Awami League government in August.
"As per regulations, they [laid off workers] will receive half of their basic salary and allowances for 45 days," he added.
The layoffs represent 75% of the group's workforce at the industrial park, leaving 10,000 workers in Beximco Ltd's Textile and PPE divisions.
