by Damion Rallis, Senior Research Associate
Last month, an eight-story garment factory building
collapsed in Bangladesh, killing more than 1,100 people. The Rana Plaza factory
collapse is not only the world's worst garment-industry disaster, but also a
resounding wake-up call to the hazardous conditions present in apparel industry
factories all across the developing world. As a direct response to the
collapse, the Bangladeshi government has agreed to allow garment workers to
form trade unions without permission from factory owners and raised workers'
minimum wage. While it is hard to discern the ultimate effects of the factory
collapse, it seems that the curtain has been thrown back on the so called
"sausage factory", as the disturbing imagery of this disaster correlates with
growing unease over how and where a significant majority of the retail industry
produces its goods.
Download the full report at the GMIRatings web site.
Read more articles on corporate governance and other topics
at the GMI Blog.
more information about LexisNexis products and solutions connect with us
through our corporate site.