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Rana Plaza Compensation Fund finally reaches $30 million target


  • Compensating the Victims of Rana Plazapdf

TUAC welcomes the announcement made today that the Rana Plaza Donors Trust Fund has finally met its target of $30 million. This means that full compensation can be paid to the families of the 1,138 workers who were killed, and the more than 2000 who were injured, in the collapse of the Rana Plaza building in April 2013. 

The victims of Rana Plaza have waited far too long for this news”, said John Evans, TUAC General Secretary. “We hope that this allows victims to now focus on the process of rebuilding their lives.”

The Rana Plaza Donors Trust Fund was established by the ILO in January 2014 in order to collect voluntary contributions from companies and others to finance the compensation awards. Until today, companies had failed to make sufficient payments into the Fund, with the result that Rana Plaza victims have had to wait more than two years for their full compensation.

It beggars belief that it has taken 18 months to close the Rana Plaza Fund”, said Evans. “A key lesson from this ground-breaking agreement is the need to move beyond voluntary approaches.”

TUAC supports the G7 commitments announced today to support an ILO-coordinated “Vision Zero Fund”, to prevent and reduce work-place accidents in global supply chains, and to strengthen access to remedy, including the National Contact Points of the OECD Guidelines for Multinational Enterprises. The G7 also welcomed “the closing of the funding gap in the Rana Plaza Donor Trust Fund for compensating the victims of the tragic accident in 2013”.


Rana Plaza Donors Trust Fund and its Donors:




The G7 Leaders’ Declaration Summit, 7-8 June 2015