EXCLUSIVE-Retailers and unions extend legally-binding worker safety accord in Bangladesh - sources [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
in Bangladesh that subjects retailers to legal actions if their factories fail to meet labour safety standards, according to a copy of the agreement seen by Reuters on Wednesday. A representative for the agreement, originally signed in 2013 and known as the Bangladesh Accord, said an official statement would be issued shortly and declined to comment further. The agreement was due to expire on Aug. 31. The new agreement comes into force on Sept. 1. A list of which of the 200 retailers who signed up to the Accord in 2013 - including retail giants like H&M, Inditex, Fast Retailing's Uniqlo, Hugo Boss , and adidas - have also signed up to the extension will be made available on Sept. 1, sources said. The five-year accord, struck in the aftermath of the Rana Plaza collapse in 2013 which killed more than 1,100 garment workers, instituted an independent body which held thousands of inspections and banned unsafe factories from supplying its signatory buyers. That helped make some 1,60
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