Dhaka, Feb. 27 -- The interim government has formed a high-level committee to oversee the "rehabilitation" of 14 factories amid announcements of mass layoffs at the Beximco Industrial Park.

Arrangements have also been made to pay arrears totalling Tk 5.25 billion to 31,669 workers and 1,565 officials affected by the shutdowns, according to Labour & Employment Advisor M Sakhawat Hussain.

Speaking at a press conference at the Secretariat on Thursday, the advisor detailed the measures outlined during a Wednesday meeting of the Advisory Council Committee, which was formed to review labour and business conditions at the Beximco Industrial Park.

"As of February, 14 companies within Beximco Industrial Park have ceased operations, leaving 31,6...