Bangladesh sets up wage board as garment worker unrest shuts factories
· Economy · Bangladesh
Bangladesh set up a wage board as garment workers' unrest shut factories, with workers saying rising costs of food, housing, transport and healthcare have sharply eroded their purchasing power. Dozens of garment workers clashed with police in the capital Dhaka. Bangladesh is one of the world's largest garment exporters. No details on the wage board's timeline or proposed increase were given.
Why it matters:Unrest in a top garment exporter could disrupt global apparel supply chains and pressure brands on wages.
Key points
- A wage board has been established
- Workers clashed with police in Dhaka
- Rising living costs have eroded purchasing power
Sources (original reporting)
More stories from this day
- Asian stocks set to fall as AI fears deepen Wall Street selloff
- Japan draws startups but faces challenge keeping them
- Colombia at risk of default without fiscal fix, vice president warns
- Japan starts new tax-refund system for foreign shoppers
- Trump makes final midterm push as Democrats eye House majority
- Iran, Qatar hold third day of talks to end US-Iran war