So far, 176 domestic and foreign firms are contributing to the fund
Cement manufacturing company LafargeHolcim Bangladesh Ltd has deposited Tk99.57 lakh from last year's profit in the Bangladesh Labour Welfare Foundation fund under the Ministry of Labour and Employment.
ABM Mamun-ur-Rashid, general manager of the company, handed over a cheque of Tk99.57 lakh to State Minister for Labour and Employment Begum Monnujan Sufian at the Secretariat on Sunday afternoon.
According to Bangladesh labour law, one tenth of 5% of a company's net profit is to be deposited in the labour welfare foundation fund. So far, 176 domestic and foreign firms are contributing to the fund.
So far, around Tk490 crore has been deposited in the fund. On the other hand, about Tk44 crore has been provided in assistance from this fund to around 10,500 workers in the institutional and non-institutional sectors.
Director General of the labour welfare foundation Dr Mollah Jalal Uddin and Jahangir Alam, labour representative of LafargeHolcim Bangladesh, were present at the programme.