The U.S. accounts for 25% of Bangladesh’s garment exports. Their industry is bracing for the effects of our economic crisis, which will likely have a big impact on the country, the industry, and worker’s rights. Any time a company who already only pays its employees $25 per month talks about reducing costs, it ain’t good.
Fibre2Fashion recently interviewed a major player in the Bangladeshi industry. Here’s what he had to say:
“The effect will be very high in Bangladesh, because after the current orders in hand are completed and we try to get new orders we will have to face big problems of pricing etc. So the coming months are going to be very crucial for the industry at large.”
“… the whole industry has put on their thinking caps, but the main thing to do is to be cost effective and reduce costs to the bare minimum. Each and everyone right from the owner to the worker should double efforts to increase productivity and reduce costs at least till the crisis gets over.’
“…the government should also provide subsidies to the sick and weak garment units to survive through the crisis otherwise, this situation if not controlled could lead to mass unemployment which the country can ill afford.”