...The 2012 Dhaka fire broke out on 24 November 2012, in the Tazreen Fashion factory in the Ashulia district on the outskirts of Dhaka, Bangladesh.[3] At least 117 people were confirmed dead in the fire, and over 200 were injured,[4] making it the deadliest factory fire in the nation's history.[5] The fire was initially presumed to be caused by an electrical short circuit, but Prime Minister Sheikh Hasina has since suspected that the fire had been arson and an act of "sabotage" due to the occurrence of previous comparable events. This event and others similar to it have led to numerous reforms in workers' rights and safety laws in Bangladesh. Contents [hide] 1 Background 2 Fire 3 Response 4 Revised Regulations 5 Related occurrence 6 See also 7 References 8 External links Background[edit] When it opened in 2009 the Tazreen Fashion factory employed 1,630 workers and produced T-shirts, polo shirts and jackets for various companies and organizations.[6] These included the US Marines,[7][8] the Dutch company C&A, the American company Walmart and the Hong Kong based company Li & Fung.[6][9] The factory is part of The Tuba group which is a major exporter of garments from Bangladesh into the U.S., Germany, France, Italy and the Netherlands, whose major clients include Walmart, Carrefour and IKEA.[10] According to Tazreen Fashions' web site, the factory was flagged in May 2011 with an "orange" grade by a Walmart ethical sourcing official for "violations and/or conditions which...
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...In 2012, the Tazreen Fashions factory outside of Dhaka, Bangladesh caught on fire, killing 112 employees. The Bangladesh factory produced garments for several well-known retailers, such as Wal-Mart Stores, Inc. and Sears Holding Corporation. According to the article, For Wal-Mart, Sears, Tough Questions in Bangladesh Fire, “Bangladesh has become the world’s second-largest clothing exporter, thanks in part to some of the lowest labor costs anywhere: The government sets the minimum wage for entry-level garment workers there at less than $37 a month” (Bustillo, Wright, & Banjo 2013, pg. 2). Wal-Mart Stores, Inc, faces the dilemma of seeking the lowest prices from suppliers globally to deliver low price products while projecting a corporate image of high ethical standards and corporate social responsibility. Traditionally, the purpose of a firm is profit creation, and sale of goods and services in a legal and moral manner. However, what has not always been a part of that tradition was the welfare of society and/or philanthropic endeavors. Due to numerous tragic events, like the one in Bangladesh, the issues of the role of business in social responsibility more frequently appears to be a topic of discussion. This has forced the corporate world to concern itself with the social impact of its decision-making. Firms are turning to ethical business models such as the Wall Street Journal Model to help them understand business ethics and to make ethical business decisions. The...
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...SAXENA REGISTRATION NUMBER - 1420023 SECTION – F2 SUBJECT – BUSINESS ETHICS SUBMITTED TO – PROF. JEEVANANDA S CASE – FIRE IN A BANGLADESH GARMENT FACTORY Fire in a Bangladesh garment factory Introduction This case talks about fire in a garment factory which was located near capital Dhaka in which 112 people were killed and several hundreds were injured. This happened in November, 2012. The main reason for the fire was an electrical short circuit. The factory did not have required safety equipment’s and other safety measures were not followed by the factory which were mandatory as per the law of the country in order to ensure safety towards your employees due to which employees were not able to evacuate the factory at time of fire and lost their lives. Now the question is that who should be blamed for this mistake i.e. the factory owner, Walmart, or the customers. No one the ethical employer can sacrifice live for the low cost of production or earn more by using unethical measures. This case was also analyzed by “clean clothes campaign“and they also had their view points about various mistakes or unethical measures which these factories are following in order to make huge profits. Details about factory – The factory was owned by Tazreen Fasions Ltd., a subsidiary of The Tuba Group who is a large Bangladeshi garment exporter with clients like Walmart, Carrefour, Li and Fung. The factory was opened in May, 2010 which used to manufacture T-shirts, Polo Shirts, Fleece...
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...has emerged as a key player in RMG (Ready Made Garment) sector since 1978. Textiles and clothing account for about 85% of total export earnings of Bangladesh. Out of which, 76% comes from the apparel sector which covers the major products of knit and woven shirts, blouses, trousers, skirts, shorts, jackets, sweaters, sports wears and many more casual and fashion items. |[pic] | |Chart : Bangladeshi RMG export thourghout the decade | The pivotal factor in the apparel industry is the workforce i.e. the sewing operators, the helpers, cutting masters, pattern makers, finishers etc.. Bangladesh is endowed with abundant and cheap labour force that is easily trainable and convertible into semi-skilled and skilled workforce |[pic] | |Fig: garments Manufacturing | Quality of goods exported from Bangladesh has always been questioned by the foreign buyers due to lack of experience and awareness of Garment manufacturers associated in the trade. In order to export readymade garments, it is not only the quality parameters which are important towards acceptance of the product as per the intended end use, but also the working environment in which the garments are to be produced, is equally important so that...
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...BUS203 Assignment-1 * Ethical and Ecological Environment: A business should always follow some ethics of their own in order to safeguard themselves from any kind of legal issues. During on-going blockages the RMG sector is suffering huge amount of loss. Their orders are being reduced to a very small amount due to the current political situation of the country. Still they are making their workers work for longer hours to complete their orders. After the two industrial disasters – Tazreen Fashions fire and Rana Plaza collapse, it is evident that, the workers are not receiving a safe workplace for themselves. The government has started conducting investigations on all the RMG industries in Bangladesh. Until now 2000 factories are inspected by Accord and Alliance, 31 factories are closed down, 17 factories are partially closed and 1500 factories are waiting to be inspected by government. But they are not being able to proceed further with their investigation due to on-going blockades. Any organization is bound to have some rules in order to maintain the ecological balance of the environment. It is the company’s responsibility to protect the environment in which it operates. Maintenance of the ecological balance is important for any organization to run. Now-a-days, the customers are also demanding environment friendly products and processes. The competitors of Bangladesh are showcasing such machines that will provide environment friendly products and processes. Like JUKU, a...
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...History of Ready-made Garment (RMG) Sector in Bangladesh Now a days textile sector of Bangladesh retains it's top position in global market. This can't be gained overnights. Bangladesh can get it's present position by dint of merit and industry of people of Bangladesh. The base of textile sector was first established in 60th decade of the last century."mercury shirts"which is originated from Karachi started the rmg business first.the industry exported shirts to the European market in 1965-66 first. | | In 1977-78 only 9 exporting industries were available in this country which deal with 10 million used every year.there were 3 big industries available in that time.they were: 1. Riaz garments 2. Jewel garments 3. Paris garments. Of them, Riaz garments was the most well known and oldest industry in that time.In urdu road of Dhaka it started it's business with some tailoring shop first.In that time it was known as Riaz store.In 1973,it was named Riaz garments.In 1978,it started exporting products abroad.it exported 1 million pieces of shirts to the Olanda,a South Korean company. Another garments known as Desh Garments ,also treated as the pathfinder of textile sector in Bangladesh. In 1979 Desh Garments opened a joint venture project with south korean company "Daiyuu". At present RMG sector of Bangladesh deals with 22 billion USD every year.4 million people directly depend on the ups and downs of the sector.the 81% of the total export earnings are come from...
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...Wal-Mart Ethical Analysis Abstract Wal-Mart prides itself on having one of the strictest and most stringent ethics policies in the industry. Employees are not allowed to accept any type of gift, including a cup of coffee. And its 1.3 million employees are encouraged to report any ethics violations that they might suspect or see. With having such a strict policy, Wal-Mart faces around 5,000 lawsuits a year from unethical business practices. Wal-Mart's rating as a company that consumers trust and respect has steadily declined in the last few years. Their image is declining due to negative press giving the perception that Wal-Mart is bad for the economy and is unfair to workers. Wal-Mart Ethical Analysis Wal-Mart was established in 1962 when Sam Walton, who had operated stores in Arkansas and Missouri, decided to open a discount store. In fifty years Wal-Mart has grown to be the largest retail chain in the world. Wal-Mart Stores, Inc. is not only the largest retailer in the world; it is now also ranks as the largest corporation in the world. Wal-Mart operates over 6,000 stores in the US and 13 international markets including the UK, Canada, Japan, Mexico, Brazil and China. It also retails products through its online site. The company is headquartered in Bentonville, Arkansas and employs around 1.3 million people. A business Code of Ethics (COE) is a written set of guidelines issued by an organization to its workers and management to help them conduct their actions in...
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...part of a business school. We start from the premise that business can and does work for the good of society. We support the goal of business to create value while emphasizing high standards for human rights performance. Each year, we take on a major project around a set of human rights challenges in a sector that is of foremost concern for companies, consumers, regulators, and investors. We use the convening platform of the NYU Stern School of Business to bring together groups of companies from different sectors and different parts of the world, along with outside stakeholders and experts. We devote significant attention and resources to ensuring that the Center provides a safe environment to discuss sensitive human rights and business issues that...
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