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25pc factories cut jobs despite enjoying stimulus, CPD study Representational image. Star Business Report Star Business Report Some 25 per cent of the garment factories went for job cuts despite receiving soft loans from the government-sponsored stimulus package, according to a new study of the Centre for Policy Dialogue (CPD). It indicates that the stimulus package could not guarantee the protection of jobs of the workers as many of the factory owners terminated workers despite enjoying the stimulus fund, the think-tank said. The CPD shared the findings of the study at a webinar on the "Co...

25pc garment factories shed jobs despite receiving stimulus: CPD This is breach of conditions as owners agreed while taking the funds that they won’t lay off workers Star Business Report Star Business Report Twenty-five per cent of garment factories that received loans from the taxpayer-backed stimulus package retrenched workers in a breach of conditions, according to a study of the Centre for Policy Dialogue (CPD). The retrenchment indicates that the stimulus package could not guarantee jobs as many factories terminated workers. The factories ha...