Keya Group cuts 739 staff amid financial crisis in Gazipur

Keya Group has laid off 739 workers and employees from four of its manufacturing units in the Jorun area of Konabari, Gazipur. The termination notices were posted on the main gates of the factories.

Industrial Police Superintendent Mohammad Amzad Hossain confirmed the development on Tuesday (October 20).

According to police and factory sources, the termination notices were put up on Monday (October 19) night. Workers discovered the notices upon arriving for work on Tuesday morning.

The affected concerns include Keya Group's Knit Composite Division, Spinning Division, Cotton Division, and Keya Yarn Mills Limited.

Factory management stated that the industrial units have remained under a continuous lay-off since June 6 due to banking complications and various operational challenges. The lay-off period had been extended in multiple phases before management decided on the layoffs. The company has assured that all legal dues and benefits will be cleared in accordance with labor laws.

Superintendent Mohammad Amzad Hossain added that industrial police personnel have been deployed at the factory gates to maintain law and order and ensure security in the area.

-EM