Saturday, September 18

Tag: Small


Small enterprises in big trouble

A small-scale venture Jute Mart and Craft in Bangladesh manufactures and sells jute produces in local market. Before the coronavirus hit the country, the company had 10-12 workers at its Banasree factory. After March of 2020, 95 per cent of its work-orders were cancelled. And there was no fresh work-order coming. Proprietor of the business Khaleda Sultana did not receive positive response after applying for funds from the government-announced stimulus package. To survive in the business, Khaleda shortened the production capacity and shifted the factory to Mohanagar Project area. And to cut production costs, the pool of permanent employees shrunk into two with 20-25 contractual workers. However, the good news is that Jute Mart and Craft has been receiving fresh work orders gradually....