Money | Bangladesh H&M: We'll Pay Living Wage to Bangladesh Workers Clothing company announces new plan By Evann Gastaldo Posted Nov 25, 2013 2:15 PM CST Copied Elaine Pasquini leaves an H&M store on the Thirrd Street Promenade in Santa Monica, Calif., on Monday, July 13, 2009. (AP Photo/Damian Dovarganes) H&M is doing something to combat the terrible conditions that so many garment workers in Bangladesh and Cambodia endure: The cheap clothing giant will make sure the workers making its products in those countries receive a living wage, the Wall Street Journal reports. The Swedish company (fun fact: Its name is short for Hennes & Mauritz) is working with three factories and their workers to figure out how much workers need to live on; within five years, a living wage should be in place at 750 of its biggest suppliers, covering 60% of H&M merchandise. A rep for the company says prices aren't expected to increase as a result. Read These Next Obituary reveals teacher's same-sex marriage, and he's fired. Firefighters 'didn't have a chance' in Idaho ambush. Teen Motocross star repeatedly 'run over' at event. After girl goes overboard on cruise, 'hero' dad to the rescue. Report an error