http://www.thestar.com/news/world/2013/04/26/bangladesh_factory_collapse_a_harrowing_survivors_story.html
> In April 2011, Wal-Mart officials decided at a meeting of retailers that > the world’s biggest company by sales wouldn’t join an industry agreement to > pay Bangladeshi factories a higher price so they could afford safety > upgrades, Bloomberg reported in December. Neither did Gap Inc. > “We are talking about 4,500 factories, and in most cases very extensive > and costly modifications would need to be undertaken,” Wal-Mart said, > according to minutes of the meeting. “It is not financially feasible for > the brands to make such investments.” Net income at the Bentonville, > Ark.-based company was $17 billion last year. > In November, clothing bound for Wal-Mart and Sears was discovered in the > ruins of a factory that caught fire, killing 112 people. Both companies > have said suppliers used the factory without their permission and were > fired. > Wal-Mart is investigating its supply chain to see if a factory in Rana > Plaza was producing for the company, Kevin Gardner, a spokesman, said > Thursday in an emailed statement. > “We are sorry to learn of this tragic event,” Gardner said. “We remain > committed and are actively engaged in promoting stronger safety measures, > and that work continues.” -- Cheers, Tom Walker (Sandwichman)
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