CORRECTED-Retailers discuss compensation for Bangladesh factory disasters

Thu Sep 12, 2013 8:19am EDT
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(Corrects paragraph 9 to add sourcing and say that Inditex not attending, also deletes Inditex mention in bullet point)

* IndustriALL targets 54 mln-euro ($72 mln) fund for Rana Plaza

* Victims of Tazreen fire in November also under discussion

* Attendees include Britain's Primark

* Wal-Mart, Benetton, Mango not attending

Sept 12 (Reuters) - A dozen retailers and clothing brands are meeting in Geneva to discuss providing compensation to the victims of the Rana Plaza and Tazreen factory disasters in Bangladesh, although several companies were noticeable by their absence.

The talks, chaired by the International Labour Organisation in Geneva, are aimed at setting up funds to compensate the victims of both the Rana Plaza disaster in April, when an eight-storey building collapsed, killing 1,129 people, and the fire at the Tazreen Fashion factory in November 2012 that killed 112 workers.

The collapse of Rana Plaza, a factory built on swampy ground some 20 miles outside Dhaka, ranks among the world's worst industrial accidents and has galvanised brands to look more closely at trying to improve safety standards at suppliers.

About 3.6 million people work in Bangladesh's clothing industry, making it the world's second-largest clothing exporter behind China, but some of the workforce, which is mostly female, earn as little as $38 a month.   Continued...