Bangladesh's interim government declines to bail out Beximco garment factories, risking 40,000 jobs.

Bangladesh's interim government will not bail out garment factories owned by Beximco, a conglomerate linked to a former advisor of ex-premier Sheikh Hasina. This decision puts over 40,000 jobs at risk. The government refuses to take over Beximco, citing a $4.1 billion unpaid loan balance, but will pay workers' salaries up to the end of December and provide other benefits.

3 months ago
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