WAL-MART And Gap Raise Funds To Improve Production Conditions In Bangladesh Clothing Factories

"P" recently, in the world's largest retail chain WAL-MART and the largest clothing company Gap, 17 heads of retailer and brand in North America reached an unprecedented alliance agreement, that is, joint financing of more than 142 million US dollars (including sponsorship and low interest loans) to help Bangladesh garment factories improve production conditions and ensure the safety of the country's clothing workers. < /p >
< p > the retailers involved in maintaining Bangladesh workers' safety alliance include Messi department store, American high-end chain store department Nord Sturm (Nordstrom), Sears (Sears Holdings), Taghit department store (Target), VF VF, VF, Ron, a href=, //www.sjfzxm.com/pioneer/, Johnson and href= department store. Most of the clothing products of these companies come from more than 500 garment factories in Bangladesh. < /p >
< p > the schedule of the League agreement stipulates that all members of the alliance shall submit the inspection situation of < a href= "//www.sjfzxm.com/news/index_p.asp" > Bangladesh < /a > garment factory within one year and make safety standards in the next 3 months. Alliance members have said that the new Bangladesh workers' safety initiative is unprecedented and of great historical significance. < /p >
< p > members of the alliance have been determined to create a working environment to ensure the safety of Bangladesh factories and to exclude any hidden dangers to the factory. The preliminary investigation will be conducted by an independent board of directors, and the results of the investigation can be shared by an independent Fair Factories Clearinghouse. This ensures that factories that are threatened by safety can be identified immediately, and suspicious messages can be communicated to factory owners, workers and government in time to ensure that the problem can be solved quickly. < /p >
< p > according to the agreement, the inspector will have the responsibility to immediately notify any factory premises which are in danger and even have the power to order the factory to close and evacuate workers. In each factory, the WPC will also be established to facilitate workers to carry out the forum activities to raise their safety awareness and reduce their excessive worries in the workplace. The anonymous workers' hotline is set up by third parties, and all kinds of emergency situations are reported by mobile phone. The plan will be implemented in November this year. After that, the factory improvement progress report will be submitted two times a year, so that the factory can update the record and manage the progress and direction. < /p >
< p > on the building safety construction fund, the members of the alliance have promised to provide us $42 million in the initiative agreement, and some companies will also provide us $100 million in low interest loans to help Bangladesh factory owners to further improve their safety. The allocation of the funds will be based on the number of garment companies in the country, and each factory will receive a maximum of 1 million US dollars / year for upgrading the facilities for a total of 5 years. At the same time, the alliance proposes to withdraw 10% of the investment fund for resettlement of workers temporarily displaced due to factory maintenance or factory closures. < /p >
< p > to ensure the execution of the alliance and to urge retailers to fulfill their commitments, the supervisory board of 9 people consisting of 4 retailers, 4 stakeholders (donors, etc.) and 1 independent members will be established. < /p >
CEO, a member of the P, said: "Bangladesh factory safety incidents are unacceptable. We can build a relatively strong group through joint forces, ensuring the effectiveness and continuity of individual efforts and collective cooperation, and effectively curb future tragedies. " Leaders at the highest level < a href= "//www.sjfzxm.com/news/index_c.asp > retail > /a" also said: "we are committed to building efficient operation with other global retail brands. At the same time, we will also use this alliance to raise more construction funds, such as close cooperation with government agencies around the world, so as to improve the infrastructure construction of the textile factory as far as possible." < /p >
Up to now, the US retailers' alliance agreement to ensure the safety of Bangladesh factories has been supported by more than 70 retailers and brands. P Professionals in the industry say that with the acceleration of globalization and the effective implementation of the "going global" strategy, the links between retailers and production sites are becoming increasingly inseparable. This North American retailer helps Bangladesh factory improvement, not only taking into account the social impact or public interest, but also the objective of achieving win-win results and mutual benefits. < /p >