John Liu, who oversees $140 billion in the New York City Pension Funds, is “disappointed” in U.S. retailers’ plan to improve factory safety in Bangladesh. He says that instead of their own plan they should have joined the legally-binding Accord on Fire and Building Safety in Bangladesh.
A group of 17 U.S. retailers signed a five-year agreement to improve safety at Bangladesh garment factories. It’s separate from a plan made by mainly European retailers announced Monday and comes nearly three months after a major factory collapse in the country killed more than 1,100.
In the wake of the Rana Plaza factory collapse, many retailers are (finally) committing to an agreement to improve conditions for workers in the apparel industry.
The retailer says it will sign a fire safety and building improvements agreement provided a key clause about resolving disputes in court is renegotiated. But is the company being disingenuous?
The woman, identified as Reshma, was buried for 17 days and is reportedly in good shape. The death toll has reached over 1,000.
Labor rights groups plan to launch a new campaign against Gap even though it wasn’t producing clothes at the factory that collapsed in Bangladesh last month. A new website called “Gap Deathtraps” launches Wednesday.
Is shopping “the new terrorism”?
The death toll has passed 400, but hundreds more remain unaccounted for as cleanup and protests rage on in Dhaka. WARNING: Graphic images ahead.
And many say Primark’s pledge to compensate victims is merely a hasty, poorly thought-out PR move.