Zariat Mushfique of DOT
 Textiles and Jute Minister Golam Dastagir Gazi during an online briefing yesterday said that there will be no state-owned jute mills in the country rather those will be run under the public-private partnership (PPP), reports The Daily Bangladesh.
 Golam Dastagir said, “24,886 permanent workers of state-owned jute mills are being sent to retirement through golden handshake in a bid to minimise losses. The jute mills will be modernised and made productive through PPP. And these workers will get opportunity of jobs on priority basis,” reports The Daily Sun.
 A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement, reports Kalerkantho.
 Factories will run until August 1. Resulting from the golden handshake, workers will get severance pay next September.
 According to the news briefing, BJMC’s contribution to jute production at present is only 8.21%, which is even lower at 4.45% in case of exporting jute.