The victims of the Rana Plaza disaster will get compensation after four global retailers, along with manufacturers and labor groups, agreed to set up a $40 million compensation fund. Retailers Primark, El Corte Ingles, Loblaw and Bon Marche have pledged to contribute to the fund, following the collapse of the garment factory complex, the world's worst industrial tragedy.
“A fund has been established to compensate the victims, injured workers and dependants of the deceased, of the Rana Plaza collapse,” said Lejo Sibbel from the International Labour Organization, which helped broker the
agreement reached last month. “An estimated $40 million will be required to compensate the victims and their beneficiaries,” he said.
The agreement comes after talks between owners of clothing brands and pressure groups on a compensation deal ended in failure in Geneva in September 2013.