Disney, Sears Also Used Company in Deadly Factory Fire

by Nate Wooley | November 28, 2012 10:20 am

WalMartRAIfinal Disney, Sears Also Used Company in Deadly Factory Fire[1]While Walmart (NYSE:WMT[2]) is the marquee name being mentioned concerning a recent fatal factory fire in Bangladesh, other companies — such as Disney (NYSE:DIS[3]) and Sears (NASDAQ:SHLD[4]) — have also used the plant.

The Saturday fire, which killed 112 workers[5], occurred at Tarzeen Fashions factory in Dhaka, Bangladesh. Officials of the Bangladeshi government say that arson is suspected. Police told the AP they have arrested three company executives since the fire, though the owner is not among them.

Records, as well as garments, in the destroyed plant indicate that both Sears and Disney also manufactured clothing in the plant, the AP reports. Reports say Walmart officials were aware of safety concerns surrounding the plant; the company says one of its suppliers used Tarzeen Fashions without its knowledge.

As with many factories in south Asia, conditions were dangerous for workers. Exit doors were locked and stairways blocked with bolts of cloth and finished goods, the AP reported. In addition, workers were ordered back to their workplaces when they attempted to flee the fire. The lights failed during the fire, as well, complicating efforts to flee.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/06/WalMartRAIfinal.jpg
  2. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  3. DIS: http://studio-5.financialcontent.com/investplace/quote?Symbol=DIS
  4. SHLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=SHLD
  5. which killed 112 workers: http://hosted.ap.org/dynamic/stories/A/AS_BANGLADESH_FACTORY_FIRE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-28-07-08-24
  6. Japan Exports Fall for Fifth Straight Month: http://investorplace.com/2012/11/japans-exports-post-fifth-consecutive-monthly-drop/
  7. Blame China for Dip in Gold Demand: http://investorplace.com/2012/11/blame-china-for-dip-in-gold-demand/
  8. Bamboo Shortage Threatens Panda Population: http://investorplace.com/2012/11/bamboo-shortage-threatens-panda-population/

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