"86% of factory closures linked to weak orders, financial distress", 24 June 2026

Unique Designers & Unique Washing Ltd...has shut permanently, citing a financial crisis among other reasons. The closure leaves roughly 2,200 employees jobless, 1,700 of whom are factory-floor workers...

Between August 2024 and this June, 457 factories shut permanently across the country’s seven industrial belts...Of those, 205 closed for lack of orders and 190 because of owners’ financial distress — together 86.43 percent of the total...

The legal notice procedure is observed, yet wages and service benefits often go unpaid on time, fuelling resentment and forcing local authorities to step in, according to the source...

“Many factories that serve notice still don’t pay wages and other entitlements properly. When commitments aren’t honoured by the deadline, worker unrest erupts.”...

Multiple industry sources say a long-running order shortfall and heavy production-cost pressure have eroded factory viability. Global demand uncertainty, higher raw material prices and rising domestic operating costs have added to the strain...