When a CEO Turns Activist: Why H&M Wants Bangladesh to Increase Workers' Wages [Bangladesh]

Author: Per Grankvist, CSR Wire, Published on: 28 September 2012

…In addition to working with suppliers to increase wages, H&M is now hoping that Persson's meeting with Bangladesh's Prime Minister will influence the government to increase the minimum wage, thus leveling the playing field for all companies purchasing from the country, including H&M competitors GAP, Zara and Uniqlo [part of Fast Retailing]. Now Prime Minister Hasina has all the reason to pay attention to Persson’s argument as the result is likely to benefit multiple stakeholders with vested interests in the country's development…For Persson, the increase could mean bringing employees and buyers together on improving productivity and generating resource efficiency in the country’s textile sector.

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Related companies: Fast Retailing Gap H&M Uniqlo (part of Fast Retailing) Zara (part of Inditex)