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Labor unrest may cause 5,000 crore tk loss in industries: MCCI

BTJ Desk Report
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Protests have spread to Narayanganj, Savar, and Ashulia, severely impacting industries, particularly garment factories. Over 100 factories were vandalized or burned, leading to nearly 200 closures. The Metropolitan Chamber of Commerce and Industry (MCCI) urged the government to address the unrest and improve factory security.

Despite a slight rise in the Purchasing Managers’ Index (PMI) in August—agriculture up by 3.3 points, manufacturing by 13.6 points, and services by 6.2 points—the economy remains in contraction due to ongoing labor unrest and floods. MCCI estimates that nearly three weeks of protests have caused losses of around Tk 5,000 crore. Factory closures continue, with 30 more shutting down amid continued protests.

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