Walmart, Target, & others to loan $100m+ to Bangladesh factories for workplace safety September 23, 2013
As a result of two tragic incidents in Bangladeshi factories the last couple of years—the collapse that killed over 1,000 workers in April 2013 and the fire that killed over 100 in November 2012—Walmart has said they may loan $50 million to Bangladesh, according to Insurance Journal.
The loan, while still not yet a guarantee, could pay out in a few different ways, from a straight loan, to earlier payments for shipments, to paying for orders before products are delivered. With the loan, Walmart hopes to improve worker safety and prevent other deadly accidents.
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