Bangladesh garment industry faces $400 million loss from protests after political upheaval
Summary: Bangladesh's garment industry lost $400 million due to unrest following the ousting of former Prime Minister Sheikh Hasina in August. The protests, led by workers demanding better pay and job security, disrupted the country's 3,500 garment factories.
An interim government, led by Muhammad Yunus, has taken over, but protests continue. A recent clash resulted in one death and multiple injuries. Industry leaders stress the need for changes in factory management and government attitudes to ensure stability.
Despite the challenges, industry representatives claim the situation is now stable. Security forces, including a military task force, are patrolling garment hubs to protect factories. Buyers are reportedly regaining trust in Bangladeshi apparel.
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