Four Western retailers agreed with labour groups and the Bangladesh government to establish a roughly USD40 million fund to compensate victims of the April collapse of a garment-factory complex that killed more than 1,000 people.
The companies – Loblaw Cos. of Canada, UK’s Bonmarche Holdings PLC, El Corte Ingles SA of Spain and discount retailer Primark, a unit of Associated British Foods PLC – said they would set up a fund with "voluntary contributions", according to labour groups and an International Labour Organisation official.
Mikail Shiper, a senior official of Bangladesh’s Labour Ministry said last Tuesday that a "multi-stakeholder arrangement to provide compensation" for workers injured in the disaster and the families of those who died "consistent with ILO standards" had been reached.
(Source: Manila Bulletin)