BANGLADESH: Rana Plaza compensation to begin next month
The committee set up to pay compensation to the victims of the Rana Plaza factory collapse aims to distribute US$2m to around 3,600 workers and families before the one-year anniversary of the tragedy on 24 April.
The sum includes an advance payment of BDT50,000 (US$650) to each beneficiary - but total funds of US$40m are still needed to ensure full compensation to all workers.
As reported on just-style last week, the claims process will begin on 24 March. The initial payment of US$650 will be made between 10 and 24 April. This process will include assistance to all claimants in setting up bank accounts.
A meeting of the Coordination Committee of the Rana Plaza Trust Fund yesterday (18 March) approved the inclusion of UK value fashion retailer Primark as the eighth brand to publically pay into the fund.
Primark will cover the cost of full reimbursement of the 581 workers at the New Wave Bottoms factory, one of five factories at Rana Plaza. All payments and support will be conducted under the auspices of the ILO-chaired Trust Fund.
On Monday, the retailer pledged a further US$10m to victims of the disaster - including long-term payments totalling $9m and an additional $1m to non-Primark supply chain workers. Payments, which are due to begin this week, will be made in full within 12 months.
All stakeholders are to be involved in finalising a comprehensive database of all 3,600 survivors and families of those killed.
However, many brands are still under pressure to contribute, and further contributions will be expected from the eight brands that have already paid.
The families of dead workers and injured workers have already received nine months' salaries since the tragedy, including US$2m that was paid out by Primark and Loblaw of Canada last year.
Other companies claimed to have links to Rana Plaza are said to include Adler, Auchan, Benetton, Camaieu, Carrefour, Carrona, Cato Fashions, Children's Place, JC Penney, Kids for Fashion, Lee Cooper, Manifattura Corona, Mango, Matalan, NKD, Premier Clothing, Primark, PVT (Texman), Store 21, Yes Zee, and Walmart.
An interactive databank with intelligence on the major apparel sourcing countries
Canadean's "The Cato Corporation - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and ...
The Cato Corporation - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service off...
During the forecast period, Benetton Group is planning to invest in product innovation, garment design and retail concepts. In addition, the group aims to balance its production costs in order to cope...
Benetton Group SpA is currently focusing on investing in marketing efforts within Italy, aligning its image and advertising with various social causes. This means that the company’s communication focu...
- Supply chain mapping using the Bitcoin blockchain
- Mexico makers see rise in exports and local demand
- Euro decline weighs on Turkish clothing industry
- VF Corp confirms interest in Africa sourcing
- G-Star RAW pushes the boundaries of denim
- UK retailers to answer over human trafficking
- LF Corp to streamline planning and sourcing
- New dye-sublimation printers for sportswear
- Uniqlo owner highlights supplier factory progress
- Clothing a top category for mass personalisation
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Global market review of workwear - forecasts to 2019