abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

23 Apr 2014

Author:
Harpreet Kaur, South Asia Researcher, Business & Human Rights Resource Centre

"More Rana Plazas are waiting to happen - unless we take much greater action now"

...Minimum wages were revised to $66.25 a month – which is...still the lowest minimum wage in the world ....[As NYU Stern Center for Business and Human Rights reports] "The universe of factories encompassed by their [the Accord and Alliance] programs is less than 2,000, while the total base of factories and facilities producing for the export garment sector is likely between 5,000 and 6,000...The ILO has backed the Rana Plaza Donors Trust Fund to facilitate compensation for the survivors and families of the deceased. But so far, the fund is barely one third towards meeting its goal, having raised only $15 million of the $40 million target... The United Nations Guiding Principles on Business & Human Rights appear to have been ignored in Bangladesh...