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Compensation fund for Bangladesh factory victims reaches USD30m target

A fund set up to compensate the victims of Bangladesh’s Rana Plaza factory collapse has finally reached its USD30-million target, the UN’s International Labour Organization said last week, more than two years after the disaster left over 1,100 garment workers dead.

With all the funding now secured, the last families still awaiting a payout will receive their money "in the coming weeks", said the ILO, which chairs the Rana Plaza Coordination Committee.

The committee, which was established in 2013 and represents all industry stakeholders, had estimated it would need USD30 million to fully and fairly compensate the families of the over 1,100 garment workers who died and some 1,500 others who were injured in the country’s worst-ever industrial accident.