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Stock impact report

Beximco Lays Off 40,000 Garment Workers [Yahoo! Finance]

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Yahoo! Finance
further question as a once vast and impressive empire continues to crumble in the wake of its co-founder and vice chairperson's arrest in August, first for his alleged role in the death of a shop owner , then on charges of money laundering, embezzlement and other fiscal misconduct. At a meeting of a government-formed advisory council committee to review business conditions at Beximco Industrial Park on Sunday, managing director Osman Quader Chowdhury said that 40,000 garment workers across 16 apparel factories, including Beximco Fashions, Crescent Fashion and Design, Shinepukur Garments and Yellow Apparels, will be laid off beginning Dec. 16. As per the Bangladesh Labour Act, they will receive half of their basic salary and allowances for 45 days. More from Sourcing Journal Ahead of Potential IPO, Shein Presents Forced Labor 'Red Flags' to Investors Why Fashion's Business As Usual 'Won't Cut It Anymore' in Age of Climate Breakdown Bangladesh Government Issues Garment Workers Show less Read more
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