$40 Million in Aid Set for Bangladesh Garment Workers

Author: Steven Greenhouse, New York Times, Published on: 23 December 2013

Eight months after the Rana Plaza factory building collapsed in Bangladesh, killing more than 1,100 workers and leaving hundreds of families bereft and financially adrift, several prominent retailers and labor groups have joined with the Bangladesh government to create an estimated $40 million compensation fund to aid the victims’ families...So far, four retailers — Bonmarché [part of Sun Capital Partners], El Corte Inglés, Loblaw and Primark [part of Associated British Foods] — have pledged to contribute to the fund...The new fund is considered a landmark in compensating families of garment industry victims, in terms of both the amount to be paid and the sophistication of the arrangements. No United States-based retailers have signed on...“We think the agreement is a really good result,” said Ineke Zeldenrust, international coordinator of the Clean Clothes Campaign... "...What we need now is for other companies to agree to pay into the fund.” [also refers to Joe Fresh (part of Loblaw), Mango, Walmart, Children's Place]

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Related companies: Associated British Foods Bonmarché (part of Sun Capital Partners) Children's Place El Corte Inglés Joe Fresh (part of Loblaw Companies) Loblaw Companies Mango Primark (part of Associated British Foods) Sun Capital Partners Walmart