Sanofi Bangladesh Workers-Employees Association stated that the French multinational company is exiting the country without paying for employee benefits, provident fund, gratuity fund and worker’s shares worth at least Tk100 Crore requesting the French company to pay before leaving. The members of the association are also requesting the Prime Minister to intervene.
A case has also been filed on June 28, 2020 where the court ordered the French company to solve the problem in 15 days.
Beximco Pharma is going to acquire 54.6 per cent share worth Tk400 Crore of Sanofi Bangladesh following Bangladesh Bank’s approval. Meanwhile, the industries ministry and Bangladesh Chemical Industries Corporation hold 25.36 per cent and 19.96 per cent, respectively.
The general secretary of Bangladesh Labour Federation (BLF) stated that most multinational companies so far have paid employee benefits when exiting the market.
Sanofi Bangladesh stated that it will continue to operate in Bangladesh as a separate legal entity with the same terms and conditions for the employment.