Being the biggest contributor to the country's foreign exchange- around 76 percent- and employing around 2.2 million people, 80 percent of them women, the importance of nurturing a sector as vibrant and thriving as the garments industry, cannot be emphasized enough. With export of Ready Made Garments (RMG) reaching 9.2 billion in 2007 and predictions of it rising to 12 billion or more in the next two years, it is obvious that the industry is growing at an exponential speed. Greater demand for our garments abroad indicates the improvement in quality of the products as well as greater customer confidence, which translates to further expansion of the industry, more employment, more consumers in the domestic market and a huge boost to the economy. It is very important for the workers to interact with the management. That would let both the parties to understand each other and solve the ever-rising problems. Workers need to be trained, educated and updated on a regular basis as well. This is the responsibility of the garment owners. This would also lead to a better level of productivity in the industry. The owners can fund these training programmers and the resources required for the programmers as well. Every year, a good amount goes to welfare, charity and advertisements. Even a small percentage of this amount can be spent on the workers for training and vocational education.
1.2 Objective of the study:
The main objective of the study is to know the reasons behind the labor unrest, activities of Trade union and their impact on the organizations performance. Our main goal is to know why Trade Unions are being acting in such destructive way in Bangladesh because of remuneration or work environment, conditions, hours etc. To compare the satisfaction level of the employees we went into two companies for better analysis and comparison.
1.3 Methodology of the study:
The data are being collected in two ways:
1.3.1 Primary Source:
The data which are given here, most of them are collected directly from the company. The employees of the company help us to collect required information as much as possible. We are really grateful to them for their kind support, without their support it would be really impossible.
1.3.2 Secondary Source:
Different kinds of information about the company are collected from internet, brochures, leaflet, etc.
1.4 Scope of the study:
Overall the assignment is very helpful for us. We came to know about different types of knowledge, experiences which are not included with the study materials, but it will help us in future in our professional life.
1.5 Limitation of the study:
We faced different kinds of difficulties for collecting information. We were not able to find all the information from internet. We went to the office directly. But starting from the gate keeper till manager we faced lots of problem. At last we successfully convince them to fill up the questionnaire which is prepared for the survey. One official always stayed with us as when we were interacting with the workers so it was bit problem for us to make the workers feel free and also our questionnaire were checked by the management before reaching to the workers.
2.1 Literature review:
2.1.1 Labor law in Industrialist’s Viewpoint
• Industrialist is interested in getting a good return on the money he has invested. • Good return is possible only on the maximum production of goods of highest possible quality which may catch up the market. • Cost of the production of goods so produced is vital factor for his economy to run efficiently. His eye is therefore, on maximization of production with efficiency in supervision, minimization of labour absenteeism and maximization of cut, control or economy in expenditure on wages, bonus and other financial or welfare benefits to the workers and running of the plant.