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Wal-Mart and Sears aren't planning to pay the victims of a Bangladesh factory fire in November that killed more than 120 people who were making garments for the retailers. The two companies ignored an invitation to attend a Geneva, Switzerland meeting where retailers who worked with the factory, Tazreen Design Ltd., were supposed to discuss how to compensate victims and their families, reported Renee Dudley at Bloomberg. Read more: www.businessinsider.com...
www.bloomberg.com...
Wal-Mart Stores Inc. (WMT) and Sears Holdings Corp. (SHLD) have so far declined to join Li & Fung Ltd. and other companies in voluntarily compensating victims of a fire last year at a Bangladesh garment factory. Wal-Mart and Sears also didn’t respond to an invitation to attend a meeting today in Geneva, where companies whose clothing was manufactured at the Tazreen Design Ltd. factory are expected to discuss compensation payments, said Scott Nova, executive director of the Worker Rights Consortium, a Washington-based international labor-monitoring group.
A document on the company's website revealed high-risk violations flagged by an "ethical sourcing" official for Walmart. Walmart gave the factory an "orange" grade in May 2011. If it got that grade three times in two years, Walmart would have stopped ordering from the factory for one year. Read more: www.businessinsider.com...
www.bloomberg.com...
Li & Fung, (494) a Hong Kong-based exporter, has agreed to pay $1,280 to the family of each worker who died and to each injured worker via a fund set up by the Bangladesh Garment Manufacturers and Exporters Association. A separate foundation will fund the education of victims’ children, Katherine Wang, a company spokeswoman, said in an e-mailed statement. “We’re continuing our dialogue with the industry in Bangladesh to determine what else we can do to help,” Wang said. European retailer C&A said it has donated $1,200 per family via its foundation. The company also committed to providing monthly payments of $50 to the children of the dead. Italian retailer Piazza Italia agreed to “participate fully in whatever compensation plan is agreed at the meeting” but declined to attend, Nova said.
pay that can be less than $40 a month. Read more: www.foxnews.com...
Wal-Mart has donated $1.6 million to training and safety enforcement in Bangladesh. Read more: www.businessinsider.com...
www.bloomberg.com...
“At Walmart, our goal is to positively impact global supply chain practices by raising our own standards and by partnering with other stakeholders to improve the standards for workers across the industry,” Gardner said in an e-mailed statement. “Walmart has been advocating for improved fire safety with the Bangladeshi government, with industry groups and with suppliers. We have been actively developing and implementing proactive programs to raise fire safety awareness and increase fire prevention.” Wal-Mart on April 9 announced a $1.6 million donation to the Institute of Sustainable Communities, a U.S. non- governmental organization, to establish an entity called the Environment, Health and Safety Academy in Bangladesh. The school will offer fire safety training to Bangladesh apparel manufacturers, Wal-Mart said in a news release.