Walt-z On Out
Last week in Bangladesh, a building filled with garment factories collapsed and took the lives of around 400 people and as a result, Western apparel countries who have their productions based there, are trying to address growing public concern over safety conditions. Companies like Gap and The Children’s Place plus other retailers huddled to figure out how to improve conditions, and some debated whether to remain in Bangladesh at all. However, one big American company, Walt Disney has decided to leave altogether citing an earlier incident with a fire that killed 112 people.
Although less than 1 percent of the factories used by Disney’s contractors are in Bangladesh, the company ordered the end of production in their Bangladesh facilities. This move by Disney highlights the struggle that companies who have productions in countries such as Bangladesh as they have to balance profit and reputation. As a result of Bangladesh having some of the lowest wages in the world, its government eagerly tries to reel in Western Companies and their jobs but the string of recent disasters prove that there are many perils. “These are complicated global issues and there is no ‘one size fits all’ solution,” said Bob Chapek, president of Disney Consumer Products.
Written by Kevin Zhang