H&M aims to pay all textile workers “living wage” by 2018

* Protests on wages close plants in Bangladesh

* H & M to start in terms of fair wages with three factories in 2014 models

* H & M hopes higher wages to boost productivity

H & M, the second largest clothing retailer in the world, put on a plane Monday to pay a “living wage” just a few 850,000 textile workers in 2018, saying the government acted too slowly.

“We believe that the wage development, driven by governments, for example, in some countries, takes too long, so we want to take further steps and encourage the entire industry to follow,” H & M said in a statement on its website.

H & M sources most of his clothing from factories in Asia, including Bangladesh, where a collapse of the factory in April that killed nearly 1,130 people put pressure on brands to improve the working conditions of these making clothes for the West.

H & M, which was not at the root of this plant, was the first company to sign a security pact in Europe led by the Bangladeshi garment factories following the collapse. He urged the Bangladesh and Cambodia to increase the minimum wage and revise it annually.

Violent protests over wages have forced the closure of hundreds of Bangladeshi garment factories in recent weeks, although factory owners have agreed to a proposed increase of 77 per cent of the minimum wage.

Rocky lower wages and trade agreements made garments sector in Bangladesh a $ 22,000,000,000 industry representing four-fifths of exports, supplying retailers such as Wal-Mart Stores Inc. and Primark and H & M.

About 3.6 million of 155 million people of Bangladesh working in the garment industry, making it the second largest world exporter of clothing after China. About 60 percent of clothing exports go to Europe and 23 percent in the United States.

H & M said it would support plant owners to develop remuneration structures which allow a fair wage hall in two models factories in Bangladesh and one in Cambodia in 2014 and then scale the model for factories with 750 he works in 2018.

He wants wages are negotiated annually and examined by democratically elected representatives or the employees’ unions.

Helena Helmersson, global head of sustainability at H & M is committed at a conference on wages in Berlin, organized by the Dutch and German governments living.

“We are ready to pay more so that the supplier can pay higher wages,” H & M said. “We believe that our purchasing practices will lead to greater efficiency and productivity.”

Reuters

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