By  on November 14, 2013

The anticipated impasse between Bangladesh textile and apparel industry employers and workers was resolved Thursday as labor minister Rajiuddin Ahmed Raju revealed the final minimum wage of 5,300 taka, or $68 at current exchange, a month for the garment industry. The new minimum wage will take effect Dec. 1.

After intense negotiations among factory owners all week, Bangladesh Garment Manufacturer and Exporters Association, or BGMEA, officials told WWD that employers had agreed to the amount although it was considerably higher than the 4.200 takas, or $54, a month that they wanted to pay. “This is only the starting salary, you understand. Every level after that goes higher as well,” an official explained. “It is simply unaffordable for us to go any higher.”

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