Bangladesh is experiencing a quick economic growth. The dynamics of the labor force and the industrial sector of Bangladesh is playing crucial role in shaping the economic growth. Labor disputes are not uncommon in Bangladesh. That is because Bangladesh as the nation is growing economically. Top Bangladeshi law firms along with the best Bangladesh lawyers are providing support and doing their best to balance the interests of workers, employers, and the labor unions.
Understanding the ins and outs of the labor law is essential for the top Bangladeshi law firms, the best Bangladesh lawyers, factory owners, labor unions for better comprehending the challenges.
Industry covers the economic sectors involved in the production of goods or the provision of services while labor refers to the collective workforce engaged in various economic activities. Managerial capacity on the other hand refers to the leadership and administrative skills put into managing an organization or a business.
These three sides mostly deal with meeting the challenges with the labor act in Bangladesh. The top Bangladeshi law firms which have the best lawyers in the country provide the required support.
The labor law in Bangladesh is primarily governed by the Bangladesh Labor Act. Over the last two decades, Bangladesh has made noteworthy improvement in formulating and amending labor laws. It was done to address the evolving needs of its workforce. The labor act has an aim to regulate employment conditions, ensure rights of its worker, and to provide a framework if dispute resolution is required.
The labor act had challenges before but now with Labor Act 2006, most challenges are taken care of. Labor disputes are common in Bangladesh because of the growing economy. It has been observed that labor disputes are common particularly in the ready-made garments sector and ship building industry. Most of the disputes arise in relation to termination of employees. Top Bangladeshi law firms and the best lawyers in the Supreme Court and high court provides legal support to employees in such cases.