BANGLADESH: Primark commits $1m aid to Rana Plaza victims
Value-priced fashion retailer Primark is to pay the equivalent of three months' wages to all workers affected by Rana Plaza factory building collapse in Bangladesh.
The news comes as the company says it has nearly finished registering the details of 4,000 former employees, or their dependents, at the building complex. Registration is expected to be completed by the end of this week.
Primark, which was the first brand to acknowledge that its suppliers were housed in the complex, pointed out that the majority of the workers who will receive its payments made clothes for retail brands other than its own.
The process was agreed with the Bangladesh Council of the IndustriAll global union.
Primark said long-term compensation "will take time" to ensure payments are made to the appropriate beneficiaries, and that individuals "considered to be vulnerableare supported".
The retailer has committed US$1m towards its food distribution programme and short-term financial support since the disaster killed more than 1,100 people in April.
The company yesterday (6 June) extended its fire safety programme in the country to include surveys assessing the structural integrity of the garment factories it sources from.
The structural surveys will cover planning records, including structural drawings where available, and assess building integrity, evaluate the standard of construction and materials, and check issues such as the location and loading of heavy machinery.
Some 190 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people last yea...
Primark in the UK remains its most important market, accounting for over 70% of the company’s overall sales. Primark has established itself as one of the fastest-growing value retailers, offering a wi...
The growth of inexpensive private label apparel is ending as the sector becomes less and less competitive, according to new research....
The recession continues to have a stronghold on the purse strings of almost all Britons and all categories within apparel were negatively impacted by this; hosiery was no exception, although the only ...
A question mark continues to hang over Marks & Spencer's clothing performance after the retailer recorded its ninth consecutive quarterly decline in like-for-like general merchandise sales - despite t...
As recessionary concerns continue, parents are seeking excellent value-for-money when shopping for their children. Private label sold through grocery retailers continued to outrank branded stores. It ...
Progress on delivering compensation to families and workers affected by the Rana Plaza factory building collapse earlier this year continues to "frustrate," according to the various parties involved i...
Footwear continued to grow in 2012, up 3% in current value and 2% in volume terms in 2012. The Olympic rush and sporting upsurge partially drove footwear value sales in the UK and inflation on leather...
- Bangladesh: Raising the bar on apparel exports?
- Bangladesh: The business benefits of compliance
- 2014: Year in review - Sourcing winners and losers
- Lululemon confident of turning an important corner
- Bangladesh falls deeper as US apparel imports grow
- Bangladesh factory improvements “will take years”
- Report urges overhaul of Cambodia factory safety
- Tommy Hilfiger launches solar-powered jacket
- Bangladesh knitting worker killed by faulty lift
- North Face debuts locally-grown "backyard" hoodie