Dhaka, Feb. 26 -- The government has made the final decision to shut down all textile factories owned by the debt-ridden Beximco Group.

All workers and employees will be terminated effective February 28, with payments for their outstanding dues set to begin on March 9.

The decision was made during a session of the Beximco Crisis Resolution Advisory Council, said a source who attended the meeting.

Ministry of Labour and Employment is expected to formally announce these developments at a press conference on Thursday.

The source further revealed that settling all worker dues is estimated to require Tk 5.5 billion to 6.0 billion.

Instead of receiving this amount from the government, Beximco Group had requested a Tk 1.0 billion CC loan pe...