Home / Knowledge / News / Apparel/Garments / Bangla Rana Plaza mishap claims process begins today
Bangla Rana Plaza mishap claims process begins today
24
Mar '14
From one month before the first anniversary of the Rana Plaza building collapse in Bangladesh, the families of the 1138 workers killed in the disaster and over a thousand workers left with life changing injuries can start registering claims for compensation to cover the financial losses and medical costs they suffered as a result. 
 
As the claims begin campaigners are strengthening their call for brands buying from factories located in the devastated building to pay millions of dollars in compensation into the Rana Plaza Donors Trust Fund, set up to finance these payments.
 
The Trust Fund, which has been set up by the International Labour Organisation has been open for contributions since February. The Fund needs to reach a final target of $40million in order to pay out full compensation to all workers and their families. 
 
The experts involved in designing the process estimated that 25% of the final target would be needed to make the first round of payments to all workers. The coordination committee now believes that sufficient funds are available and agreed to launch the claims process on March 24th, one month before the first anniversary. 
 
The claims will be calculated and delivered in line with international standards under a system known as the Arrangement. The process will be overseen by a multi-stakeholder coordination committee comprising of international and Bangladeshi representatives from government, industry and the trade unions. 
 
The timing of the claims launch will ensure that all victims and their family should receive an initial payment by the first anniversary of the disaster on April 24th. All beneficiaries will be invited to submit a claim, with the aim to process all payments within six months, which will paid out over up to four instalments. 
 
Every family will receive a minimum payment of 50,000 BDT by 24th April (around $2 million in total) as an advance payment towards their claim. Those workers whose claims can be fully processed by April 24th will also receive their first full instalment, which will represent 20% of their total claim.
 
The only barrier now in getting compensation to the victims of the garment industry's worst ever disaster is the refusal of many brands to make significant contributions to the Fund. 
 
Ten brands have already confirmed donations into the Fund, including Mango, Inditex and C&A. This week an agreement was reached between the Coordination Committee of the Arrangement, the multi-stakeholder body overseeing the compensation process, and Primark, which initially set up its own process for delivering payments to 500 workers employed at New Wave Bottoms, the factory supplying the Anglo Irish retailer. 
 


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search