wage protests shut yunus\s bangladesh factory
Last Updated : GMT 12:34:34
Arab Today, arab today
Arab Today, arab today

Wage protests shut Yunus\'s Bangladesh factory

Arab Today, arab today

Arab Today, arab today Wage protests shut Yunus\'s Bangladesh factory

Dhaka - AFP

A high-profile Bangladeshi garment factory, run as a social enterprise by Nobel winner Muhammad Yunus, has been shut after workers staged violent protests over wages, police said Wednesday. Grameen Knitwear, one of dozens of businesses the 2006 Nobel Peace Prize laureate has launched, was closed after more than 2,000 workers vandalised the $23 million plant on Tuesday, local police chief Sirajul Islam said. \"The management closed the factory indefinitely after workers held violent protests, demanding a big hike in lunch fees and transport costs and at least 10 percent ownership in the company,\" he said. Yunus won his Nobel prize for his work at Grameen Bank, a microfinance lender he founded that helped mostly poor women in rural areas to start their own businesses. He also runs more than 30 businesses that aim to pay decent wages and offer protection to employees. Profits are reinvested rather than distributed to the owners. The unrest is a second blow to Yunus who was sacked from Grameen Bank in March by the central bank after a campaign by the government to oust him. Islam said police were investigating the protests at the plant, 25 kilometres (15 miles) north of the capital Dhaka, as Grameen Knitwear was one of a very few companies with a \"good history\" of payment to workers. \"They vandalised the factory, shattering its windows and were trying to torch cartons full of export-bound apparel,\" said the police chief. Many workers turned up Wednesday morning but left after seeing a notice pasted on the factory-gate, announcing the indefinite shutdown of the plant by the management, he said. Analysts say Yunus\'s huge influence in Bangladesh, his brief foray into politics in 2007 and his move into other businesses such as solar panels and mobile phones, has triggered government resentment. Ashraful Hasan, chief executive of Grameen Knitwear, ruled out any political motive behind the protests, but he rejected the workers\' demands, saying the company was already paying better than most other garment firms. \"We are the top five garment manufacturer in terms of wages and workers\' benefits. We pay far above the government-set minimum wages. Still, some workers launched protests, making irrational demands,\" he told AFP by phone. After his sacking, Yunus said he wanted to focus on his social businesses. He has launched joint ventures with top global giants such as Danone and Veolia of France and Adidas of Germany. But disputes have emerged over the ownership of the businesses. Yunus, who chairs the boards of the Grameen social businesses including Grameen Knitwear, insists the companies are separate entities and the Grameen Bank does not own any stake in them. But a state panel says the micro-lender should be in charge of the social businesses so that the dividends can be distributed to the eight million poor women borrowers who are the owners of Grameen Bank.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wage protests shut yunus\s bangladesh factory wage protests shut yunus\s bangladesh factory

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wage protests shut yunus\s bangladesh factory wage protests shut yunus\s bangladesh factory

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday