"327 factories shut down, over 150,000 workers jobless", 29 January 2026

More than 3,000 workers were once employed at the...Mukul Knitwear Limited factory...As the global economic slowdown and a shortage of work orders began to take their toll, production at the factory gradually declined...its founder, Md Moinul Islam Mukul, kept the factory running with 670 workers...In the end, however, it could not be saved.

Faced with rising production costs and a severe financial crisis, the authorities were forced to announce the permanent closure of the factory on 17 December...leaving 280 male and 390 female workers unemployed...

...since 5 August 2024, a total of 327 small and large factories have been closed either permanently or temporarily in Gazipur, Savar and Ashulia...

With no jobs, workers are unable to pay house rent or settle shop debts. Many have been forced to return home, while others are changing professions...

Local residents said many unemployed workers, unable to find jobs and support their families, are becoming involved in criminal activities...