Bangladesh’s garment sector is reportedly facing factory closures and layoffs, leaving thousands jobless.
Many workers, 20,000 as per some estimates, were reportedly affected in the first half of the year amid falling orders, rising costs and financing challenges facing the industry.
The crisis underscores the sector’s struggle to balance global competitiveness with employment stability.Bangladesh’s garment sector is reportedly facing factory closures and layoffs, leaving thousands jobless.
Many workers, 20,000 as per some estimates, were reportedly affected in the first half of the year amid falling orders, rising costs and financing challenges facing the industry.
The crisis underscores the sector’s struggle to balance global competitiveness with employment stability.
