The nine-story building came crushing down last Wednesday, killing nearly 400 workers and injuring more than 1000. Many more still remained missing as rescuers called off slavage operaions.
According to BBC, the clothing store chain said its team in Bangladesh had been “working to put in place immediate and long-term help for victims of this disaster”.
In a statement it said it had already partnered with a local NGO to address ‘the immediate need’.
Primark said it would provide for children who had lost parents and review the support to ensure it kept up with need, the BBC reports.
The company occupied a floor of the collapsed building that housed five garment factories.
A statement from Primark, which is owned by Associated British Foods, said: “We have partnered with a local NGO [non-governmental organisation] to address the immediate needs of victims, including the provision of emergency food aid to families. This initiative began in Bangladesh immediately the extent of the disaster became clear.
“Primark will also pay compensation to the victims of this disaster who worked for its supplier. This will include the provision of long-term aid for children who have lost parents, financial aid for those injured and payments to the families of the deceased.”
The BBC says it also urged other retailers who used the building to also come forward and offer help and support to those affected.
The report says the move follows a recent call by the charity War On Want, which said firms who use Bangladeshi products must “safeguard the life of these workers”.
Primark said it “accepts all its responsibilities in this disaster” and was providing assistance in the region.
A protest was held outside Primark's flagship store in London on Saturday, the BBC said.
The building collapse also rekindled the workers’ safety issue in Bangladesh as a crucial decision against a petition on Bangladesh’s duty-free access in the US market remained pending.