Thu, December 19, 2024
[ Thu, Dec 19th 2024 ]: Raleigh News & Observer
American College of Education Announces Launch of Redesigned MBA Program
[ Thu, Dec 19th 2024 ]: CBS News
How to get a low student loan rate for the spring 2025 semester
[ Thu, Dec 19th 2024 ]: Pensions&Investments
Private credit looks to consumers, infrastructure for next stage
[ Thu, Dec 19th 2024 ]: devdiscourse
Global Insurers Join Forces with IFC to Create Jobs, Drive Growth, and Enhance Sustainability
[ Thu, Dec 19th 2024 ]: Forbes
How Overseas Conflicts Impact Trade Finance
[ Thu, Dec 19th 2024 ]: inc42
Blinkit Ropes In Former Flipkart Executive As CFO
[ Thu, Dec 19th 2024 ]: Euromoney
Banking leaders double down on sustainability
[ Thu, Dec 19th 2024 ]: The Motley Fool
Is Advanced Micro Devices Stock Heading for $200 in 2025?
[ Thu, Dec 19th 2024 ]: The Straits Times
Acra to restore Bizfile search function; restrict access to full NRIC numbers to paying users
[ Thu, Dec 19th 2024 ]: Business Times
Acra to remove NRIC numbers from Bizfile portal search, government apologises for lapse
[ Thu, Dec 19th 2024 ]: IMD business school
Time to go green? Process vs outcome - and what bonds are best for you
[ Thu, Dec 19th 2024 ]: MSN
RLI Rises 17.9% in 6 Months: Can the Stock Retain the Bull Run?
[ Thu, Dec 19th 2024 ]: Business Line
Veefin Group raises ?136 cr for product developme .. acquisitions; aims a further ?155 cr by Jan 2025
[ Thu, Dec 19th 2024 ]: Channel NewsAsia Singapore
'We are very sorry': Josephine Teo apologises for confusion, anxiety over NRIC unmasking saga
[ Thu, Dec 19th 2024 ]: Sussex Express
Hastings-based Social Enterprise Let's Do Busines .. working with VCSE organisations in Herefordshire
[ Thu, Dec 19th 2024 ]: India Today
How business schools shape future leaders in sustainability and innovation
[ Thu, Dec 19th 2024 ]: The New York Times
Where Does a 'Remarkable' U.S. Economy Go From Here?
[ Thu, Dec 19th 2024 ]: Business Standard
Laxmi India Finance files draft papers with Sebi to raise funds via IPO
[ Thu, Dec 19th 2024 ]: AOL
When's the best time to shop for car insurance? (Hint: It could be right now)
[ Thu, Dec 19th 2024 ]: Tuko
List of Kenya Commercial Banks That'll Close Shop, Merge after Ruto Signed New Law
[ Thu, Dec 19th 2024 ]: The Financial Express
NBFC loans: Balancing growth and risk in a changing landscape
[ Thu, Dec 19th 2024 ]: Exchange 4 Media
SEBI cracks down on finfluencer with Rs 9.5 cr refund and ban
[ Thu, Dec 19th 2024 ]: Arabian Business
ADIO and EXIM forge MoU to boost US-UAE trade in key sectors
[ Thu, Dec 19th 2024 ]: Finance & Commerce
AIA: Architecture billings stable, inquires rising
[ Thu, Dec 19th 2024 ]: Fortune
Motown: What's going on?
[ Thu, Dec 19th 2024 ]: Yahoo Finance
Kering Eyewear Celebrates Decade of Innovation With Harvard Case Study and Commemorative Book
[ Thu, Dec 19th 2024 ]: Reuters
European car sales fall in November, led by France and Italy, ACEA says
[ Thu, Dec 19th 2024 ]: Seeking Alpha
The Final Stretch? Canoo Is Running Out Of Time And Options
[ Thu, Dec 19th 2024 ]: The Irish Times
Mergers and acquisitions trajectory looks set to continue upwards in 2025
Wed, December 18, 2024
[ Wed, Dec 18th 2024 ]: Business Today
'And I'm still an economic offender...': ?14,131. .. Sitharaman is 'double my debt', says Vijay Mallya
[ Wed, Dec 18th 2024 ]: Seeking Alpha
Of 63 Fortune500 Industry Leaders, 57 Pay Dividends, 38 Test 'Safer' & 1 Is Ideal To Buy
[ Wed, Dec 18th 2024 ]: Yahoo
This couple holds an annual 'goals meeting.' In 2 .. over 6 figures and traveled to Greece and Italy.
[ Wed, Dec 18th 2024 ]: manilatimes
Broad Arrow Delivers 75% Year-Over-Year Growth in .. ons Across Auctions, Private Sales, and Financing
[ Wed, Dec 18th 2024 ]: AOL
When's the best time to shop for car insurance? (It could be right now)
[ Wed, Dec 18th 2024 ]: Business Line
Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing
[ Wed, Dec 18th 2024 ]: The New York Times
Is Elon Musk a National Security Risk?
[ Wed, Dec 18th 2024 ]: Business Standard
Shape a Global Career in Finance and Accounting with BCom Programs at JAIN University- Bangalore
[ Wed, Dec 18th 2024 ]: Hartford Courant
Connecticut Port Authority hires top nuclear energy exec as new executive director
[ Wed, Dec 18th 2024 ]: Yahoo Finance
Siemens Gamesa sells power electronics business to ABB
[ Wed, Dec 18th 2024 ]: The Globe and Mail
Business Brief: What to make of Canada's new Finance Minister
[ Wed, Dec 18th 2024 ]: Forbes
Understanding Embedded Finance And The Growth Of White-Label Neobanking
[ Wed, Dec 18th 2024 ]: Business Times
Hong Kong watchdog searches finance firms' offices in Nasdaq listings probe
[ Wed, Dec 18th 2024 ]: Business Insider
4 banks that will pay you up to $300 when you open an account by the end of the year
[ Wed, Dec 18th 2024 ]: Kiplinger
You've Got a Trust: Now Who Should Be the Successor Trustee?
[ Wed, Dec 18th 2024 ]: Reuters
ESG Watch: COP29 leaves electric vehicle industry stuck in the slow lane
[ Wed, Dec 18th 2024 ]: MSN
UAE Property Demand Rises as Europeans Relocate to Dubai
[ Wed, Dec 18th 2024 ]: India Today
Is Elon Musk becoming a kingmaker for govts across the world?
[ Wed, Dec 18th 2024 ]: moneycontrol.com
NBFC Laxmi India Finance files draft papers to raise funds via IPO

Beximco lays off 40,000 workers at 15 apparel units

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. lays-off-40-000-workers-at-15-apparel-units.html
  Print publication without navigation Published in Business and Finance on by The Daily Star
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Beximco Group has laid off nearly 40,000 workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka's outskirts of Gazipur.
Beximco Group, a major conglomerate in Bangladesh, has laid off approximately 40,000 workers from 15 of its apparel manufacturing units due to a significant decline in orders from Western markets. This decision was influenced by the ongoing global economic downturn, exacerbated by the Russia-Ukraine war, which has led to reduced consumer demand in key markets like the US and Europe. The layoffs, which started in October, have affected workers across various levels, with many being sent on leave without pay. Beximco, known for producing garments for brands like Zara, H&M, and Calvin Klein, has also seen its export earnings drop by 15% in the first half of the fiscal year. The company is attempting to mitigate the impact by offering voluntary retirement schemes and exploring new markets to revive its business.

Read the Full The Daily Star Article at:
[ https://www.thedailystar.net/business/news/beximco-lays-40000-workers-15-apparel-units-3779751 ]