Home » Corporate social responsibility » Initiatives from the public authorities and other stakeholders » Two years after the Rana Plaza tragedy, a 6 million $ shortfall remains in the compensation fund for families of those who lost their lives or were wounded. Two years after the Rana Plaza tragedy, a 6 million $ shortfall remains in the compensation fund for families of those who lost their lives or were wounded. On April 24 2013 a textile factory collapsed in Bangladesh causing the death of more than 1,100 workers who produced garments for Western companies. The tragedy also left several thousand wounded. A compensation fund was set up connected with the international service and industrial unions bodies: UNI Global and IndustriALL. A study estimates that 30 million $ is needed to fully compensate the families, yet two years later a 6 million $ shortfall remains. By . Published on 24 April 2015 à 11h35 - Update on 12 April 2018 à 15h50 Resources Benetton, bringing up the rear. After announcing in February its willingness to contribute to the compensation fund, on April 17 the Italian garments company confirmed its intention to pay 1.1 million $ into the Rana Plaza victim compensation fund. Professional services company PricewaterhouseCoopers (PWC) advised that a payment of 550,000 $ would adequately reflect the Benetton’s commercial relationship with Rana Plaza but the Italian firm decided to double that.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst nameLast nameOrganizationFunctionemail* Object of the messageYour messageRGPD J’accepte la politique de confidentialité.FacebookThis field is for validation purposes and should be left unchanged. Essentials Latest articles Longer careers: a new state of affairs for companies CSRD: social and environmental reporting market takes shape Analysis & Data Latest articles Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels