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  • Analysis: Ekkra Binte Hakim 19022093

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    Drinkwell Accounts
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    This document analyzes the impacts of the COVID-19 pandemic on employees and employers in Bangladesh's garment industry. [1] For employees, nearly one-third had reduced earnings in March 2020, child labor increased 47% as families struggled, and over $1.5 billion in wages were lost in just 3 months. [2] For employers, foreign buyers suspended $4.9 billion in orders and raw material costs increased. [3] The pandemic negatively impacted export targets and performance for ready-made garments compared to the same period in 2019-2020.

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    This document analyzes the impacts of the COVID-19 pandemic on employees and employers in Bangladesh's garment industry. [1] For employees, nearly one-third had reduced earnings in March 2020, child labor increased 47% as families struggled, and over $1.5 billion in wages were lost in just 3 months. [2] For employers, foreign buyers suspended $4.9 billion in orders and raw material costs increased. [3] The pandemic negatively impacted export targets and performance for ready-made garments compared to the same period in 2019-2020.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    7 views5 pages

    Analysis: Ekkra Binte Hakim 19022093

    Uploaded by

    Drinkwell Accounts
    This document analyzes the impacts of the COVID-19 pandemic on employees and employers in Bangladesh's garment industry. [1] For employees, nearly one-third had reduced earnings in March 2020, child labor increased 47% as families struggled, and over $1.5 billion in wages were lost in just 3 months. [2] For employers, foreign buyers suspended $4.9 billion in orders and raw material costs increased. [3] The pandemic negatively impacted export targets and performance for ready-made garments compared to the same period in 2019-2020.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    Analysis

    Ekkra Binte Hakim


    19022093
    Employee’s Side

    2
    Employee’s Side- After Pandemic shook
    ▷ On March 2020, almost one-third of
    garment workers had to withstand
    eroded earnings
    ▷ Increased child laborers -47% children in
    Keraniganj work in more than 9,500
    RMG factories
    ▷ loss of more than $1.5 billion in wages in
    just 3 months.

    3
    Employer’s Side- After Pandemic shook
    ▷ BGMEA reported foreign buyers have suspended orders worth $4.9B
    ▷ Costs of raw material has gone up

                % Change of % Change of
             
      Proposed export export
      Strategic Export Export
      Export Performance performance
    Products Export Target for Performance Performance
    for Over
    Target of July-Oct. for July-Oct. for July-Oct. July-Oct. 2020-21
    2019- 2020-21 2019-20
     
    2020-21 2020-21 Over
    20 s. Export
    Target July-Oct. 2019-20

    RMG 27949.19 33785.00 10544.22 10450.1 10577.38 -0.89 -1.2

    4
    How it is being tackled

    Stoppage of work Forced leave

    Lay-off Retrenchment

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