Bangladesh Garment Industry at Crisis| Workers Unpaid Lost Jobs| International Brands PayUp| Covid19

25 Aufrufe
1931 brands which have either delayed, put on hold or straight-up cancelled their orders since the onset of Covid-19 The total value of these orders is around $3.7 billion.

About 470 of the buyers are from the US and approximately 280 others from the UK. Italy and Canada follow closely with approximately 180 and 170 buyers fully or partially cancelling or putting their orders on hold. Fifth and sixth in line are Germany and France, with approximately 150 and 140 buyers.
At least 127 major brands cancelled contracts in various stages of production -- sometimes turning away finished products lying at the port -- or reneged on promised contracts. An overwhelming majority are asking for massive discounts for products already produced or delaying payments by six months to a year, or worse, indefinitely.
BGMEA president Rubana Huq said that as of May 20, these brands had reinstated up to 58 percent of their initial cancellation.
According to Industrial Policy data, over 20,000 apparel workers in Bangladesh have already lost their jobs as of June 22, 2020

Fair Use Disclaimer:

This channel may use some copyrighted materials without the specific authorization of the owner but contents used here falls under the “Fair Use” as described in The Copyright Act 2000 Law No. 28 of the year 2000 of Bangladesh under Chapter 6, Section 36 and Chapter 13 Section 72. According to that law, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use.
Corona Virus aktuelle Videos
Kommentare deaktiviert.