H&M Seeks to Pay 'Living Wage' to Workers Worldwide

To 850,000 textile workers by 2018

Hennes & Mauritz, the world's second-largest clothing retailer, laid out a plan on Monday to pay a fair "living wage" to some 850,000 textile workers by 2018, saying governments were acting too slowly.

"We believe that the wage development, driven by for example governments in some countries, is taking too long, so we want to take further action and encourage the whole industry to follow," H&M said in a statement on its website.