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Peoples Jute Mill shuts August 1


Posted on Sunday, July 29th, 2007 at 2:23 am
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State-owned Peoples Jute Mills, which went into commercial operation in 1966, will blow the final whistle at 12 midnight on July 31, throwing over 3,500 workers and employees out of jobs.

Earlier on July 13, the BJMC chairman issued official orders directing the general manager of Peoples Jute Mills, which had become a losing concern, to terminate all its workers and employees and ask them to vacate the mill quarters.

Meanwhile, 313 laid-off permanent workers of Crescent Jute Mills received termination notice on Friday evening, and the number of terminated permanent workers of this mill now stands at 1,251.

As many as 5,424 permanent workers have been terminated from seven of the eight state-owned jute mills in Khulna-Jessore industrial belt since the BJMC began the move in June on grounds of severe financial crisis, power outages and loss of markets both at home and abroad.

The termination move will continue until ‘unnecessary’ workers of the seven jute mills are dispensed with, said a high official of Khulna zonal office of BJMC.

Several workers have said they will not leave their quarters until payment of their arrear wages and other financial benefits.

Hungry workers and their family members are now ready to launch a movement, said convener of Patkal Sangram Parishad Sarder Motaheruddin.

Huge security forces have been deployed in Khalishpur industrial belt to stave off any possible violence.

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This entry was posted on Sunday, July 29th, 2007 at 2:23 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “Peoples Jute Mill shuts August 1”

  1. 1
    B.Ahmed CPA PHD(USA) Says:

    Its really very sad situation.
    Could not the Govt invite Foreign Investors: China, Japan, UAE & USA who have more expert knowledge of uses of Jute Products.
    China is a pioneer in Export Business,
    Varities of Silk products may be developed
    from Jute.
    Is it not practicable to run the Mills on GOVT subsidy until foreign investors are found.
    I am sure an avenue can be found to rescue these
    Mills!
    Thank you

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