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41 factories permanently shut in Gazipur
In the past five months, following the fall of the Sheikh Hasina government, Gazipurs industrial landscape has faced a significant upheaval. Fifty-one factories have ceased operations, of which 41 have been permanently shut. Ten factories were announced as temporarily closed, while another seven...
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Building a skilled workforce is the core challenge
While global demand for skilled workers continues to rise, Bangladesh faces a significant challenge in developing and exporting skilled labor. Currently, half of the countrys workforce remains unemployed, and 30 percent lack the education and training needed to secure jobs. Over the past four...
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Factories getting closed, unemployment increases
The discontent of factory workers and unemployment are increasing day by day due to shut down of factories, one after one. The helpless workers are also getting involved in outlaw activities like vandalizing the factories, arson and other crimes. According to the concerned people of this sector,...
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Over 50,000 garment workers unemployed in a year
The garment sector, which played a key role in driving Bangladesh into large-scale exports, is now facing multiple crises. At least 76 garment factories have closed in the past year, and over a hundred others are on the brink of closure. Industry insiders attribute the closures to various...
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No hope on the horizon
From business leaders to ordinary citizens, everyone in Bangladesh is feeling the weight of an escalating crisis. As Abu Ahmed, a former professor at Dhaka University, put it, There is no good news for the common people. Only desperation is growing. More than five and a half months have passed...
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Factories closing, stagnation in investment
With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...
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50,000 Beximco workers lose jobs, living in despair
The sudden closure of Beximco Groups factories has plunged approximately 50,000 workers into unemployment, leaving them in dire straits. This abrupt job loss has not only affected the workers but also the local landlords, service providers, and shopkeepers who depended on their patronage. In the...
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Unemployed over crore as pseudo-unemployment not coming into account
According to the estimation of Bangladesh Bureau of statistics (BBS), the total number of unemployed people people from April to June this year was 26 lakh 40 thousand. In the first quarter of the year, the number was 25 lakh 90 thousand. In this land of 17 crore people this rate of unemployement...
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28% of NU graduates unemployed
A recent study reveals that the unemployment rate among graduates from National University-affiliated colleges is 28.24%. The research also highlights that many of these graduates are employed in low-paying jobs, with women and rural students experiencing significantly higher unemployment rates....
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Prolonged closure of Sylhet 'Stone Quarries' pushes thousands into unemployment
Thousands of workers face dire circumstances as the ongoing closure of Sylhets major stone quarriesBholaganj, Jaflong, and Bichnakandicontinues, despite a recent High Court ruling permitting extraction through traditional methods. The quarries, once vibrant hubs of economic activity, have been...