Reason and Overtime Allowance Rates

Mr. iqbal ahmed was a successful entrepreneur and he established five RMG factories in and around Dhaka. There are about 10000 employees working in these factories. Of the total employees 85% of them are female. The industry usually has two shifts a day (each shift 8 hourly). The management, during the peak season of export broad (October-January) get the increased workload done by employees working overtime beyond 8 hour of shift duty by another 3-4hours almost every working day. Sometime during peak season the management also keep the factory open on Friday (which is a govt. declared holiday) and treat it as working on overtime for the employees. Of course, working on Friday is not compulsory for employees, only those who are willing to work on overtime rate, they do the job. The over time allowance re given t a rate of tk. Ten per hour for skilled workers and tk. Five for unskilled workers in the factory.
Last month the workers have given notice in writing to the management (G.M. Production) and (GM HRM) to double their overtime allowance rates and to accept their request within a month.
The reason for doubling their overtime rates as mentioned were many. Some of the reasons mentioned were as follows:
a. Monthly rental of their place of living was increased by landlords.
b. Price of daily essentials have gone high for a long time.
c. Government has decide to give RMG sector also good financial package and support s to meet the world wide economics recession.
d. Bangladesh bank, as central bank asked all commercial banks to reduce lending rates not exceeding 13%
e. The concerned RMG factory earned a net profit of Tk. Two crores last years.
Considering all that has been mentioned above-----------
1. You, as GM (HRM) serving in the said group of RMG factories—how best you can assist your management and CEO mr. iqbal to come to a rational decision?
2. Do you think you need consultation with GM (production) or anybody else on this issue before you