|CEO of H&M Karl-Johan Persson|
Bangladesh is an important buying market for H&M. H&M has been buying from suppliers in Bangladesh since 1982 and opened a production office in Dhaka in 1983.
H&M urges the Bangladeshi government to consider an annual review of the local minimum wage that takes national inflation and the consumer price index into consideration.
Since the minimum wage for textile workers was first set in 1994, it has only been revised twice, in 2006 and 2010.
Since 2010, there has been an increase in the inflation rate that has been recorded by World Bank data in 2011 and 2012.
In a meeting between the CEO of H&M, Karl-Johan Persson and the Prime Minister of Bangladesh, Sheikh Hasina, in Dhaka, Bangladesh Karl-Johan Persson presented H&M’s request for an increased minimum wage and annual wage reviews for workers in the Bangladeshi textile industry.
|H&M CEO in talks with the Prime Minister of Bangladesh|
“Since foreign trade plays a major role in the development of countries as a source of economic growth, we believe that it is in the interest of the Bangladeshi textile industry, as well as in our interest, that the industry continues to develop into an advanced and mature textile industry.
Stable markets in which people are treated with respect, and where the workers are properly compensated by their employers, are of the utmost importance,” says Karl-Johan Persson, CEO of H&M.
Labels: Bangladesh, Bangladesi textile industry, h and m, Hennes and Mauritz, Increase, Karl Johan Persson, Minimum Wage, textile workers