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Production at more than 60 garment factories remained suspended for the fourth consecutive day yesterday as owners kept those shuttered fearing unrest amid protests of workers, who apprehend discrimination in the new wage structure.
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The ongoing trade war between China and the US will bring more work orders and more foreign direct investment for the garment
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The fall in yarn prices by at least 12 percent in the last two months has made Bangladesh's 430 local millers uneasy, industry insiders said.
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The call for suspending the operations of the Accord, an inspection and remediation platform of more than 200 global clothing retailers and brands, has been getting louder as garment factory owners are being forced to spend several billion dollars to improve workplace safety.
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Lotto, the Italian sportswear brand, plans to double its stores in Bangladesh to 300 within the next two years, spurred by sizeable youth population and rising disposable income.
