Wal-Mart to Gap Bangladesh Factory Safety Pact Seen Lacking
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A new plan by Gap Inc., Wal-Mart Stores Inc. and other North American retailers to improve factory safety in Bangladesh was criticized for falling short of a pact reached by mostly European retailers.
A $42 million fund will be set up to implement the five-year plan, which requires factories to be inspected within a year and the results made public, the North American companies said yesterday in an e-mailed statement. The Alliance for Bangladesh Worker Safety said it will set safety standards by October and refuse to buy from factories deemed unsafe.