$40 million fund created for Bangladesh factory collapse victims
Mourners hold up portraits of their her missing relatives, presumed dead following the April 24 Rana Plaza garment building collapse, at the scene during the one hundredth-day anniversary of the disaster in Savar, on the outskirts of Dhaka, on August 2, 2013.
There are reports this morning that a deal is close to compensate the victims of the Rana Plaza collapse in Bangladesh, which killed more than 1,100 garment industry workers last April. Some companies that made clothes there are in talks with the government and labor groups to create a fund to pay victims and their relatives. No U.S.-based retailers have signed on to the compensation agreement. The New York Times says the settlement could be as much as $40 million. The BBC's Mafuz Siddique tells Marketplace's Lizzie O'Leary about the fund.