Wal-Mart Stores Inc. said it won’t accept an agreement “at this time” to improve fire and building safety in Bangladesh that’s supported by labor monitoring groups and was signed by several retailers this week.
After Hennes & Mauritz AB and Inditex SA, Europe’s two largest clothing retailers, committed to an agreement to improve fire and building safety in Bangladesh, pressure is mounting on U.S. retailers to sign the pact.
Wal-Mart Stores Inc. and J.C. Penney Co. were among retailers sending representatives to a meeting near Frankfurt to discuss allying to improve worker safety in Bangladesh following the nation’s biggest industrial disaster.
Bangladesh authorities arrested Sohel Rana, the owner of the building where at least 362 people were killed when the factory complex collapsed on April 24, the biggest disaster in the country’s garment industry.
Associated British Foods Plc’s Primark chain said it will pay an unspecified amount of compensation to the victims of the Bangladesh building collapse who worked for its supplier New Wave and urged other retailers to “come forward” and offer help.
The day after a Bangladesh building collapsed, killing more than 230 people, disagreement emerged over whether the owner obtained appropriate construction permits, adding to concerns over worker safety in the country’s garment industry.