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Archae

(47,245 posts)
Tue Nov 27, 2012, 01:18 AM Nov 2012

Bangladeshi company budgets $1200 for families of those killed... [View all]

They're just all heart, aren't they?

A company that makes clothes for Sean Combs' clothing brand ENYCE and other U.S. labels reassured investors that a factory fire that killed 112 people over the weekend would not harm its balance sheet, and also pledged to pay the families of the dead $1,200 per victim.

In an announcement Monday, Li & Fung Ltd., a middleman company that supplies clothes from Bangladesh factories to U.S. brands, said "it wishes to clarify" that the deadly Saturday night blaze at the high-rise Tazreen Fashions factory outside Dhaka "will not have any material impact on the financial performance" of the firm.

http://abcnews.go.com/Blotter/1200-life-clothing-company-pays-peanuts-families-factory/story?id=17814618

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