Economic Times reported that safety problems have been found in nearly half of 75 audited factories in Bangladesh that are Wal-Mart suppliers. Referring to a report posted on The Wall Street Journal's website, the Economic Times report mentioned Wal-Mart Stores Inc. as saying that most of the factories that failed the audit were able to correct problems or are doing so. According to the report, the company said it has stopped doing business with two factories, and one had to be closed.
Wal-Mart and other major retailers this year agreed to a pact aimed at improving safety conditions at Bangladesh factories after deadly building collapses and fires, the report added.
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