TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Big retailers back safety accord in Bangladesh

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Tuesday, May 14, 2013, 12:01 a.m.
 

Four of the world's biggest retailers agreed to sign a pact to improve safety at garment factories in Bangladesh nearly three weeks after more than 1,100 workers died in a building collapse in the country.

H&M, C&A, Primark and Inditex, owner of the Zara chain, on Monday said they would sign a five-year contract that requires the companies to conduct safety inspections, make factory conditions public and cover the costs for repairs. It also calls for them to stop doing business with any factory that refuses to make safety upgrades.

The companies join two other retailers that signed the agreement last year: PVH, which makes clothes under the Calvin Klein, Tommy Hilfiger and Izod labels, and German retailer Tchibo. The agreement has since been expanded to five years from two.

Swedish retailer H&M said the agreement is a “pragmatic step,” and urged more brands to reach a pact that covers the entire industry of 5,000 factories in Bangladesh.

The agreement comes as retailers face increasing pressure to monitor factories that produce clothing in Bangladesh after two recent tragedies in the country's garment industry. The building collapse on April 24 was the industry's worst disaster in history. It came months after a fire in another garment factory in Bangladesh in November killed 112 workers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Faulty air bags in 30M vehicles
  2. First Niagara sets aside $45 million
  3. Mini goes mainstream
  4. Amazon investors’ patience wears thin
  5. Toyota Yaris adds French flair for ’15
  6. Bond mutual funds continue to carry their weight
  7. Motoring Q&A: ‘Check engine’ light doesn’t reset itself
  8. Sell-off reins in complacency
  9. Stocks rise broadly on earnings; Amazon sinks
  10. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
  11. PUC approves Columbia Gas pipeline extensions program for homeowners
Subscribe today! Click here for our subscription offers.