Pride Group declares partial lay-off at 2 factories in Savar | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 15, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 15, 2025
Pride Group declares partial lay-off at 2 factories in Savar

Bangladesh

TBS Report
06 April, 2025, 06:05 pm
Last modified: 06 April, 2025, 06:30 pm

Related News

  • Garment workers block Dhaka-Aricha Highway demanding salary
  • RMG workers block road in Savar for arrears, Eid bonus
  • 515 cops among 626 given shelter at cantonments after July Uprising; Savar alone sheltered 435
  • Youth shot dead publicly in a crowded area in Savar
  • Man tortured for 3hrs over child theft suspicion in Savar

Pride Group declares partial lay-off at 2 factories in Savar

The lay-off, which will remain in effect until 30 April

TBS Report
06 April, 2025, 06:05 pm
Last modified: 06 April, 2025, 06:30 pm
HR Textile Mills Ltd and Fashion Knit Garments Ltd in Savar. Photo: TBS
HR Textile Mills Ltd and Fashion Knit Garments Ltd in Savar. Photo: TBS

Pride Group, a ready-made garment manufacturer, has declared a partial lay-off at two of its factories in the Ulail area of Savar, citing fuel shortages, financial strain, and a lack of work orders.

The lay-off, which will remain in effect until 30 April, affects operations at HR Textile Mills Ltd and Fashion Knit Garments Ltd, according to official notices issued by the company yesterday (5 April).

However, several departments will remain operational during this period.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The textile division, administration (partial), and security department of HR Textile Mills Ltd, along with the administration (partial) and security unit of Fashion Knit Garments Ltd, are exempt from the lay-off.

This decision was made public through two separate notices signed by Monirul Islam, general manager (administration and compliance) of the company, and displayed at the factory entrances.

Confirming the lay-off, Monirul Islam told The Business Standard that the decision was mainly due to a fuel crisis, some financial difficulties, and a shortage of work orders.

"The management is actively working to resolve the ongoing issues and expressed hope that the factories will soon return to full-scale operations," he added.

The official also mentioned that prior to Eid, all salaries, allowances, and bonuses were paid to the workers, and Eid holidays were declared accordingly.

According to the notice, from 7 April to 30 April, all operations of the garments divisions (excluding the departments mentioned above) at both factories will remain closed under Section 12 of the Bangladesh Labour Act 2006.

The notice also stated that the lay-off is being implemented due to sudden economic disruptions, a severe shortage of raw materials and fuel, and a lack of orders, all of which are beyond the control of the factory owners.

It further mentions that production activities are scheduled to resume on 3 May, but if the crisis persists, the closure and lay-off period may be extended in accordance with the provisions of the Bangladesh Labour Act 2006.

All remaining wages and benefits for March 2025 will be paid on time and credited to employees' bank accounts, the notices adds.

lay-offs / Savar

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • US President Donald Trump arrives at the White House on Marine One from Camp David, in Washington, US, June 9, 2025. REUTERS/Evelyn Hockstein/ File Photo
    Trump says US had 'nothing to do with the attack on Iran'
  • BNP leader Ishraque Hossain speaking at Nagar Bhaban on 15 June 2025 at around 11am. Photo: Jahidul Islam/TBS
    Ishraque seeks chief adviser's intervention for oath as Dhaka South mayor
  • Environment Adviser Syeda Rizwana Hasan. Sketch: TBS
    Dialogue between govt and political parties is good news: Rizwana

MOST VIEWED

  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Ahsan H Mansur. TBS sketch
    BB governor meets global litigation funders to mobilise $100m for tracing stolen assets
  • Burnt out cars and damaged buildings are all that’s left of this street in Ramat Gan Credit: AP
    Iran threatens to strike US, UK, and French bases if they help defend Israel

Related News

  • Garment workers block Dhaka-Aricha Highway demanding salary
  • RMG workers block road in Savar for arrears, Eid bonus
  • 515 cops among 626 given shelter at cantonments after July Uprising; Savar alone sheltered 435
  • Youth shot dead publicly in a crowded area in Savar
  • Man tortured for 3hrs over child theft suspicion in Savar

Features

Photos: Collected

Kurtis that make a great office wear

1d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

3d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

4d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

6d | Features

More Videos from TBS

Iran-Israel direct confrontation; war looms in the Middle East

Iran-Israel direct confrontation; war looms in the Middle East

1h | TBS World
Israel-Iran conflict: Which way is the global economy turning?

Israel-Iran conflict: Which way is the global economy turning?

4h | TBS World
Which major powers align with whom in the Israel-Iran conflict?

Which major powers align with whom in the Israel-Iran conflict?

13h | Podcast
Israeli attack: Will Iran be inclined to develop nuclear weapons?

Israeli attack: Will Iran be inclined to develop nuclear weapons?

14h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net