Textiles and Jute Minister Golam Dastagir Gazi made the announcement during a virtual press briefing on Sunday

The government has decided to send 25,000 workers of state-owned jute mills into early voluntary retirement in a bid to curb the losses incurred over the past years.

Textiles and Jute Minister Golam Dastagir Gazi made the announcement during a virtual press briefing on Sunday.

The workers will be sent into retirement through the golden handshake scheme, the provision in an employment agreement that states that the employer will provide a significant severance package if the employee is laid off.Report:DT