Home / Knowledge / News / Apparel/Garments / Timeline set for settling Rana Plaza beneficiary claims
Timeline set for settling Rana Plaza beneficiary claims
21
Mar '14
The Rana Plaza Co-ordination Committee met on 18 March 2014 and decided the following points and provided further steps for implementing them while authorizing that the decisions taken be made public:
 
-There is a single approach that provides for compensation for 3600 victims or their families; this is the Coordinated Arrangement based on ILO Convention 121 and Bangladesh law. 
 
Primark is taking 100% responsibility for the compensation of the NWB beneficiaries which will be calculated and recognised under the single approach.  (Primark’s methods may result in upwards adjustments or additional financial aid in certain cases.)  A technical arrangement for coordination will ensure for the 600 NWB beneficiaries the same or equivalent results and services as all other beneficiaries.
 
A timeline will be set for all beneficiaries’ claims to be prepared and received within 3-4 months from the start date next week and to be processed within approximately 6 months.  
 
The timeline will include the following:
-March 28: a first batch of beneficiaries (NWB workers) will receive a first installment of compensation directly from Primark (up to 20 per cent or other per cent agreed)
 
Before April 24:
a) a second batch of beneficiaries will receive a first installment of compensation through the Trust Fund following processing of their claims by April 15 and the Coordination Committee's authorization of  awards recommended by the independent Commissioners (up to 20% or other percentage agreed)
 
b)all eligible beneficiaries will receive an advance payment in amount of BDT 50,000 before April 24 (total of USD 2 million), which will be deducted from the total award due to each beneficiary at time of processing.
 
Before 30 April :
-the Committee will reconvene to review the fruits of the intensive resource mobilisation pre-anniversary, and come to decision about the roll-out of future payments and set a time-bound period to proceed with further percentage installments, including by Primark to NWB workers.
 
The Committee noted for the record Primark’s statement that for its purposes 100% pay-out would be optimal before end of May, and agreed that this would be reviewed by end of April.
 

ILO

Must ReadView All

Textiles | On 27th Sep 2016

SASEC countries plan greater economic cooperation

The six member countries of the South Asia Sub-regional Economic...

Textiles | On 27th Sep 2016

CBEC unveils draft rules for registration under GST

The Central Board of Excise and Customs (CBEC) has unveiled draft...

Textiles | On 27th Sep 2016

Swedish researchers develop new circular textiles process

A partnership between government owned Fouriertransform and private...

Interviews View All

Abhishek Ganguly
Puma India

Dharmendra Shah
Ozone PB Spintex Limited

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search