On the 5th, the joint labor commissioner participated in the negotiations, but no progress was made in the negotiations. Workers of power loom companies in these two regions went on strike for a week and demanded that their wages increase by 100%. Fabric manufacturers provide yarn for these factories and then buy back the fabric.
According to the staff member, each looser produces 50 meters of fabric per day, and the price is 20 rupees per meter. Nearly 200,000 working looms ceased production.
The wage agreement came into effect in 2009 and expired last month. Workers demand that their wages be increased by 100% because labor and electricity costs have multiplied. In recent weeks, they have held five rounds of negotiations with fabric company owners.
Fabric manufacturers say that due to the fact that fabric prices cannot be compared with yarn prices, they do not have the ability to raise wages.
In the past four months, cotton and yarn prices have plummeted by nearly 50%. As a result, fabric manufacturers are now losing money.
They purchase yarn at a high price. Representatives of the fabric manufacturing associations in the two regions will decide on the next step to take action based on the opinions of the regional officials.
They said that when fabric demand and prices rise, wages can also increase.
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