B Mirror Desk : The Craftsman Footwear authority, listed on the stock market, is not paying its workers their fair dues. The auditor has given this information in the audit of the company’s financial accounts.
This information was revealed by the Dhaka Stock Exchange (DSE).
The auditor said that Craftsman Footwear has 73 lakh 52 thousand taka in the Workers’ Profit Participation Fund (WPPF). Of this, 47 lakh 1 thousand taka for the previous fiscal year 2023-24 is included.
But according to Section 232 of the Labor Act of 2006, there is a provision to distribute the fund within 9 months of the end of the fiscal year. But by not distributing that fund among the workers, the Craftsman Footwear authority is depriving them of their fair rights.
It is worth noting that the paid-up capital of Craftsman Footwear, which was listed on the stock market in 2024, is 28 crore taka. Of this, 54.78 percent is owned by investors from various classes of the stock market (excluding entrepreneurs/directors). The company’s share price stood at 29.90 taka on Sunday (April 20).
