THIS IS A PAGE ABOUT LABOR & HUMAN RIGHTS
Miguel FacussÃ©, the owner of Dinant Corporation in the Honduras, has come under scrutiny for the human rights abuses against farmers in the Bajo AguÃ¡n valley, where his company is cashing in on a boom in palm oil demand, fueled by loans from major donors like the World Bank.
This was Sunday, the day before the start of the three-day World Economic Forum in Melbourne, the same type of meeting that sparked riots in Seattle last year. The two players just happened to pass one of the demonstrations at a park.
U.S. companies remain less accountable than European and Asian ones despite recent years' damaging revelations of management chicanery involving finances, labor relations, environmental performance, and consumer protection, a global survey said Friday.
The CEOs of three-quarters of the world's 100 largest companies have just completed an uncomfortable weekend at the tiny Swiss ski resort of Davos, while their companies' share prices nosedived on global stock markets, amid concern that the U.S. economy is staggering towards recession.
Some western companies have begun to recognize it might be in their interest to operate under enforceable standards that apply to all their competitors, rather than under voluntary ones that, for all practical purposes, apply only to prominent companies.
Mordechai Orian, president of Global Horizons, a Los Angeles-based labor recruiter, was indicted by the U.S. Department of Justice for "engaging in a conspiracy to commit forced labor and document servitude" of some 400 Thai citizens who were brought to work on farms in the U.S.
Despite Ikea's current claims, low prices always incur a high social cost. Between 1994 and 1997 three documentaries screened by German and Swedish television accused the firm of using child labor under degrading conditions in Pakistan, India, Vietnam and the Philippines
Wal-Mart Stores Inc. (WMT.N) could significantly increase employee wages and benefits without raising prices, and still earn a healthy -- albeit smaller -- profit, research released on Thursday concluded.
Workers from Bangladesh said they paid $1,000 to $3,000 to work in Jordan, but when they arrived, their passports were confiscated, restricting their ability to leave and tying them to jobs that often pay far less than promised and far less than the country's minimum wage.
UBS AG, the Swiss bank battered by massive write-downs and its role in a U.S. tax-evasion scheme, announced the surprise departure of chief executive Marcel Rohner. Mr. Rohner's sudden departure comes after UBS agreed earlier this month to a $780 million settlement with the U.S. Justice Department of a criminal inquiry into the bank's role in the tax evasion.