Bangladesh decides to stops operation of 25 state-run jute mills
July 2nd, 2020 at 11:12 pm
Bangladesh decides to stops operation of 25 state-run jute mills

 Staff Correspondent ;

Dhaka – The government has decided to lay off 25 state-run jute mills to overcome the recurring losses they have been making over the past decades, officials said.

More than 25,000 workers of those mills will also be paid in full their dues, Ahmad Kaikaus, the principal secretary of Prime Minister Sheikh Hasina, told a news briefing on Thursday.

He said the operations of these jute mills would be resumed by putting the mills on strong footing so that they can survive competing with the local and international markets.

Bangladesh Jute Mils Corporation

The payment of the workers of those factories under the Bangladesh Jute Mills Corporation (BJMC) would be given within the quickest possible time, he said.

The government will require 5000 crore taka to pay their dues.

Kaikaus said that all the dues of 8,956 retired employees of the jute mills would also be given for which 1020 crore taka (out of Taka 5000) crore will be required.

The Prime Minister has directed the officials concerned to prepare the list of the workers of the state-run jute mills within three days and send their dues directly to their bank accounts.

Fifty per cent dues of the workers would be given in cash while the government would purchase saving certificates for each of them with their remaining 50 percent dues, according the decision take a meeting at the Prime Minister’s Office.

Each worker could earn interest of 19,320 to 74,520 taka after every three months as on an average one worker would get 1.386 million while his maximum due is 5.4 million takas.

State-run Bangladesh Sangbad Sangstha news agency reported the decision of purchasing saving certificates in favour of the workers was taken considering worker’s welfare as the low-income employees could get an amount in every three months after their retirement.

The prime minister asked all concerned to take prompt measures to impart training to the retired workers to enable them to join other jobs.

The premier also asked the concerned officials to formulate a work-plan to resume production of the jute mills by making those stronger and efficient to compete with the local and international markets.

The payment of workers due will be given under the national wage structure of 2015, he said.