• Wednesday, Oct 05, 2022
  • Last Update : 10:24 am

Govt allocates Tk169.14 crore to pay arrears of jute mill workers

  • Published at 01:35 pm May 27th, 2019
Jute mill workers
File Photo: Jute mill workers, wielding wooden and bamboo sticks, protest blocking a road in Demra, Dhaka Mahmud Hossain Opu/Dhaka Tribune

The sum will be paid into the bank accounts of more than 30,000 workers by May 30

After months of protests and work abstention at 25 jute mills, the government has allocated Tk169.14 crore to pay outstanding salaries and  Eid bonuses to mill workers.The sum will be paid into the bank accounts of more than 30,000 workers by May 30, authorities from Bangladesh Jute Mills Corporation (BJMC) confirmed. 

BJMC Chairman Shah Mohammad Nasim said the Finance Division in a letter yesterday, stated that it made the allocation as an operating loan, which is to be paid back at a 5% interest rate in two annual installments, over the next 20 years. 

A bank operating loan (also called a line of credit) is a short-term, flexible loan that a business can use as needed to borrow up to a pre-set amount of money.

Bank operating loans are convenient to bridge the gap between when account payables are settled and account receivables are collected. 

Nasim said the government today can also allocate money needed to pay outstanding salaries and Eid bonuses of  jute mill officials.

The BJMC official went on to say that workers and officers are going to be paid  in line with their 2010 pay structure.

Paying them in compliance with the National Wage and Productivity Commission-2015 is not currently possible as more discussions are needed at the policymaking level for implementation, he maintained.

The BJMC recently submitted a list of workers and their bank account details to the Prime Minister’s Office (PMO) to expedite payment of dues to workers who have been demonstrating for the past two weeks.

BJMC Secretary AKM Tareque told Dhaka Tribune that they had sought Tk337 crore from the government to clear the arrears and wages of mill workers and employees until June this year. 

State Minister for Labour and Employment, Monnujan Sufian, also told Dhaka Tribune that all workers will get their dues, salaries and festival bonuses before the Eid-ul-Fitr vacation begins.

Worker wages have been due for the past 11 weeks, while salaries of other employees are four months overdue. 

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail