Global retailers take landmark action after deadly Bangladesh building collapse

Blog Post created by freddurso Employee on May 14, 2013 New York Times reports that several apparel companies with a stake in Bangladesh's garment industry have agreed to help pay for fire safety and building improvements following the Rana Plaza factory complex collapse last month that killed more than 1,100 people.

Swedish retailer H&M, PVH (parent company of Calvin Klein, Tommy Hilfiger, and Izod), and others endorsed a safety plan this week that would develop factory inspections with public accountability as well as mandatory repairs and renovations. "Fire and building safety are extremely important issues for us, and we put a lot of effort and resources within this area," Helena Helmersson, H&M's head of sustainability told the Times. "With this commitment we can influence even more in this issue." More than four million people work in Bangladesh's 5,000 factories, states the article.

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