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Business Ethics in the News
THE GOOD NEWS: Primark Steps Forward
Thursday, Oct. 24, 2013
With a death toll of 1,129, the Rana Plaza factory collapse earlier this year stands as one of the most devastating industrial accidents in history. There were many ethical failings that led to the collapse, but one company is setting the example on how to move forward. Primark, a global clothing retailer based in Ireland, announced three major initiatives today continuing their support of the victims of the collapse, in addition to their efforts to improve worker conditions.
1. Primark has set a timetable for beginning long-term compensation to the victims and/or their dependents; the first company to do so.
Primark spokesperson: "The Company calls on other brands sourcing from Rana Plaza to now contribute a fair share of this tranche of aid.”