Dhaka, March 6 -- At least 95 factories in Gazipur, Savar, Narayanganj, and Narsingdi have permanently closed in the past seven months, with several others temporarily ceasing operations.
As a result, approximately 62,000 workers have lost their jobs, most of whom have yet to receive their outstanding wages and termination benefits.
Sources indicate three main reasons behind these closures. First, many factories shut down due to financial difficulties and a lack of purchase orders.
Second, some factories, owned by individuals with ties to the Awami League, were vandalised and set on fire, forcing them to close.
Third, certain factories fell into disrepair as their owners-businessmen associated with the ousted Awami League government-fle...