Denationalization of jute industry completes

Latest retrenched mill workers to get three months' wages, benefits soon

News Report: Denationalization of Bangladesh jute industry now completes with some 25 mills facing the same fate as Adamjee Jute Mills, Asia's largest, under a reform recipe long pursued by 'donors'. The sprawling Adamjee Jute Mills area is now an export-processing zone with new-generation industrial units in the process of execution of the much-vaunted structural adjustment facility or SAF the multilateral funding agencies like the IMF and the World Bank have pushed through since the '80s. Trade unions and intellectuals were oppoesed to and vehemently critical of the Adamjee nemesis as jute and jute industry are interlinked with the nation's past glory and legacy of the Bangladesh independence struggles spearheaded against disparities between then East Pakistan and W...  read more>>