TUAC NEWS
Rana Plaza Compensation Fund finally reaches $30 million target
08/06/2015
- 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”.
Links
Rana Plaza Donors Trust Fund and its Donors:
http://www.ranaplaza-arrangement.org/
http://www.ranaplaza-arrangement.org/fund/donors
G7
The G7 Leaders’ Declaration Summit, 7-8 June 2015