Lebanese waste management company RAMCO has reached a temporary agreement with hundreds of migrant workers to slightly increase their salaries after a weeks-long strike against a cut in their wages, the Bangladeshi embassy in Beirut has said.

Around 400 foreign workers, mostly from Bangladesh and India, took a stand against RAMCO more than a month ago after the company began slashing their wages and paying them in the local Lebanese currency rather than US dollars.

Since Lebanon's unprecedented financial crisis late last year, the Lebanese pound has lost a staggering 60 percent of its value.