As per the former Secretary General of the Joint Apparel Association (JAAF), Clothing Industry in Perspective”,herve leger bandage dress,In its verdict, the Tribunal recommended the Central Government to consider an imperative policy tool to eradicate poverty.000 each).UNIQLO will select an additional twelve entries for the Runner's Up category, Inc. an entity he controls that was formed for the purposes of the acquisitionUnder the agreement the Company's shareholders excluding Mr Cole and his affiliated entities will receive $1525 per share in cash upon completion of the transaction The price represents a premium of 17% to the closing price of the Company's shares on February 23 2012 the last trading day before the announcement by Mr Cole of his proposal and a premium of 28% over the average closing price of the Company's Class A common stock for the 45 trading days prior to that date and implies a total enterprise value of approximately $245 millionA special committee of the board of directors comprised of all of the directors of the Company other than Kenneth Cole and Paul Blum was formed in February 2012 to review the proposal from Mr Cole with the assistance of independent legal and financial advisorsThe special committee completed a thorough review of the proposal considered alternatives and unanimously concluded that the transaction with Mr Cole was in the best interests of the Company's shareholders other than Mr Cole and his affiliates and associates Based on the unanimous recommendation of the special committee the agreement was also approved by the full board other than Mr Cole who abstainedCompletion of the transaction is subject to certain closing conditions including receipt of shareholder approval and other customary conditions The merger agreement contains a non-waivable condition that a majority of the outstanding shares of the Company not owned by Mr Cole and his affiliates and associates vote in favor of the adoption of the merger agreementIn addition Wells Fargo Bank NA.
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Factory workers are entitled to realistic living wage - CCCJuly 29, 2010(Bangladesh)Garment-workers unions and labour-rights organisations have reacted with indignation and disappointment at the newly-proposed increase of minimum wage in Bangladesh' garment industry. Yesterday the National Wage Board recommended an increase of the minimum wage to 3000 Bangladeshi 'taka' (€33). “The increase isn't sufficient to support the basic needs of the garment workers and their families, and doesn't cover the huge increase in living costs of the recent years,” said Amin Amirul Haque of the National Garment Workers Federation (NGWF). “Most of these workers are the sole source of income for their families, and €1.10 a day is far below what a family of three, four or five need to survive.”The current minimum wage in the industry stands at 1662 taka (€18) per month. It had not been reviewed since 2006 despite inflation of basic living costs running at up to 200%. Unions also point out that during the current presidency in Bangladesh, five other minimum wages have been set in other industrial sectors, none of them below 4200 taka. According to calculations of the Asia Floor Wage campaign*,Oakley Crankcase Sunglasses, a realistic living wage for a family in Bangladesh is just over 10.000 taka. Unions had however indicated a readiness to for the time being accept a lower figure, for the greater interest of reaching a wage agreement in the garment industry.In Bangladesh, around 2.5 million people – mostly women - are employed in the garment industry, which is the country's largest export sector and main foreign-cash earner. The extremely low wage levels and dire working conditions have caused a lot of unrest over the last months. In June, the police violently attacked garment workers who had gone on strike to support their wage demands. According to a tally by the Bangladeshi labour-rights NGO Alternative Movement for Resources and Freedom (AMRF) Society,cheap herve leger, seventy-two incidents of labour unrest took place in the first six months of 2010, leaving at least 988 workers injured in police actions, and 45 workers were arrested.There is also concern that the new minimum wage will not be implemented. The Bangladeshi Ministry of Commerce estimates that currently one-fourth of Bangladesh garment factories don't comply with mandatory standards on pay, working hours and conditions. According to local unions and labour-rights organisations the levels of non compliance are much higher. There remain two weeks before the Bangladeshi government's decision after the National Wage Board recommendation. The Clean Clothes Campaign, a global network that strives to empower factory workers in the garment industry worldwide, wants the government to set the minimum wage substantially higher. “Factory workers in Bangladesh are entitled to a realistic living wage,” said Tessel Pauli of the Clean Clothes Campaign. “In addition, we urge the government to review the minimum wage on a yearly basis to incorporate rises in living costs.”12 More Clean Clothes Campaign News...More Apparel/GarmentsNews - Bangladesh...
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