RMG owners to contribute 0.03% of export value to workers’ welfare fund

The owners of the export-oriented readymade garment manufacturers are set to contribute 0.03% of the export value to the workers’ welfare fund from July1, 2016.

A 10-member board formed to manage the fund came up with the decision at its first-ever meeting held at the Ministry of Labour and Employment in the city yesterday. The board also decided to open two accounts with Bangladesh Bank where the contribution will be deposited.

As per the decision, State Minister for Ministry of Labour and Employment will be the single operator while one representative from the owners and the Labour Secretary will be responsible to operate the account.

“In the first-ever meeting of the board, we have decided to open accounts with the Bangladesh Bank and the contribution of the owners will start from July 1,” Senior Labor and Employment Secretary Mikail Shipar told the Dhaka Tribune.

Both the factory owners and the other representatives from the government and workers have reached a consensus on the decision, he added.

Shipar also said: “The next course of action including the areas for using the funds will be decided in the next meeting.”

Meanwhile, the labour leaders have sought a Vice-President post in the board to strengthen their position to raise workers’ voice for ensuring their rights.

“Currently, Labour Minister is holding the position of the President while BGMEA President and Labor Secretary are holding the two Vice-President posts,” Nazma Akter, a representative of workers in the board told the Dhaka Tribune.

According to the rules of Bangladesh Labour Act 2013, the owners of export-oriented garment industries will contribute 0.03% of export value to the workers’ welfare fund. Of the fund, 50% will be kept for welfare purposes and 50% for tackling unrest, if any.