Two years after the factory fire at Tazreen Fashions in Bangladesh killed more than 100 people and injured more than 300, an agreement has been reached on how victims will be compensated. The payment package will compensate for income lost and medical assessments and treatment. The outline agreement between the Clean Clothes Campaign and retailer C&A provides the principles for a compensation process to give much-needed financial assistance and allow survivors to get essential medical care.

Walmart, Sears and Spanish department store El Corte Ingles were producing goods at Tazreen but only Hong Kong- based sourcing agent Li & Fung and C&A have paid so far into a compensation fund through the Bangladesh government. El Corte Ingles has reportedly made informal promises to compensate victims. Details of the program are expected to be settled over the next several days.

The fire broke out on November 24, 2012, killing at least 112 workers. The massive building didn't have a staircase mounted to the outside for emergency exit, and each floor had windows securely bolted with iron frames, effectively turning the factory into a cage for workers.

Disastrous factory fires occur regularly in Bangladesh. Between 1990 and 2012, there were at least 33 major fires at garment facilities, claiming 500 lives.