More Garment Factory Closures in Bangladesh Impact Workers and Industry
Bangladesh is experiencing a surge in garment factory closures, with Unique Designers and Unique Washing & Dyeing among the latest to shut down permanently. These closures have left at least 1,800 workers unemployed and are part of an ongoing trend that has affected over 457 factories since August 2024 due to insufficient orders, financial strain, labor unrest, political instability, and supply chain issues.
Tickers: $KTB
Topics: Bangladesh economy factory closures garment industry labor impact