Tuesday 20 January 2015

Unit 37 business ethics

Primark is an Irish Clothing retailer which operates internationally in a larger number of countries including the UK and the United States. The franchise was founded in Dublin in June, 1969 by Arthur Ryan.

Primark used to be notoriously known for having bad ethics as they were found out for having children working in factories in third world countries with very bad and unsafe working conditions and very bad wages which the children and their family could not survive on. When this was revealed various pressure groups boycotted Primark for their actions in which a lot of the public got involved and joined in with the boycott of Primark which made Primark suffer and gave them a bad reputation. This was revealed in 2008 and children as young as 11 were working for 60 pence a day.

However, since 2008 Primark has improved their ethics and when a factory of theirs in Bangladesh collapsed which sparked more outrage ,they  paid $14 million in aid and compensation to the victims of the Rana Plaza building collapsing. Also their carrier bags are now made of 100 percent recycled cardboard collected from their stores which shows their ethics have improved by helping save the environment. Since the collapsing of their factory in Bangladesh, Primark have now begun inspecting all their factories to make sure they are at a suitable standard to work in. In 2013, 2,058 Primark factories were inspected by authorities which shows that Primark do care about their employees.
Source: www.wikipedia.com 


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