OK

Bloomberg just put out a story on the Bangladesh factory fire that cites a meeting in 2011 where

At a meeting convened in 2011 to boost safety at Bangladesh garment factories, Wal-Mart Stores Inc. (WMT) made a call: paying suppliers more to help them upgrade their manufacturing facilities was too costly
The article is here titled Wal-Mart Nixed Paying Bangladesh Suppliers to Fight Fire

The punch line

Kalavakolanu and her counterpart at Gap reiterated their position in a report folded into the meeting minutes, obtained by Bloomberg News.

“Specifically to the issue of any corrections on electrical and fire safety, we are talking about 4,500 factories, and in most cases very extensive and costly modifications would need to be undertaken to some factories,” they said in the document. “It is not financially feasible for the brands to make such investments.”

This is going to leave a mark

Updated to put the Bllomberg article in the title

Originally posted to tjlord on Wed Dec 05, 2012 at 07:22 AM PST.

Also republished by Invisible People and In Support of Labor and Unions.

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