Following a reduction of work orders and financial losses, Opex & Sinha Textile Group has decided to close its big operations at Kanchpur, Narayanganj, even as Group’s Chairman, Anisur Rahman Sinha, decided to bring the decision into effect from 19 October.
Acting Director (Admin) of the Group — Opex is one of the largest garment manufacturing conglomerates in Asia and has a complete vertical integrated setup in woven, denim, outwear, knit and sweater — Baniz Ali, reportedly, maintained this.
Meanwhile, as per reports, the notice — copies of the notice were also sent to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) — hung on the factory’s gate in this direction, reportedly, maintained all arrears would be paid following Bangladesh’s laws and the factory management was preparing to pay workers’ dues in consultation with the Labour Ministry and the Department of Inspection for Factories and Establishments (DIFE) even as it, reportedly, added that Sinha had been trying to run the factories despite incurring losses since 2012 even as he also sold land and other properties to pay workers’ salaries so that production continued smoothly.
However, after suffering financial losses, reduction of work orders due to COVID-19, workers’ indiscipline and lower efficiency, the Chairman, reportedly, gave up, maintained the reports while adding the Kanchpur factories of the Group had as many as 45,000 workers few years ago, which came down to around 12,000 when the closure was announced.
…this closure by such a big group is very painful, reportedly, maintained Executive President of BKMEA Mohammad Hatem while BGMEA President Faruque Hassan, on his part, reportedly, underlined it was very painful to witness one of the leading and pioneer companies in Bangladesh’s garment sector shut down factories, as per reports.
