Friday 25 April 2014
 
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pay protest

300 garment units closed in Bangladesh

The owners of 300 Bangladesh garment factories yesterday shut their operations indefinitely after days of violent pay protests by workers, threatening the country's biggest export already impacted by the global downturn. The decision to cl

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Pay protests may cut Arabtec margins

Building company Arabtec Holding's profit margins could shrink as much as 1.5 percentage points if Dubai heeds growing calls from construction workers for higher wages, Shuaa Capital said. The UAE cabinet called last week for "urgent" acti

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