A major department store is going private in an all-cash $6.25 billion deal. Is it a good move?
As per a Bloomberg report, authorities in Brazil investigated an under-construction site for a BYD factory in the northeast state of Bahia. Here, it was allegedly found that worke
"Slavery-like conditions", as defined by Brazilian law, include debt bondage and work that violates human dignity. The MPT added that the situation also constitutes "forced labour", as many workers had their wages withheld and faced excessive costs for terminating their contracts. BYD said affected workers had been moved to hotels.
Officials said staff were working excessively long hours while being kept in ‘degrading conditions’ in their accommodation.
BYD has cut ties with its contractor Jinjiang Construction Brazil Ltd, and pledged to protect the rights of all subcontracted workers
BYD Co. has severed ties with a construction firm after Brazilian authorities halted construction of a new electric-vehicle plant where workers were found working and living in “slavery”-like conditions.
China’s EV leaders are rapidly gaining market share from legacy automakers. And it’s not only in China. BYD and
BYD Auto do Brasil reiterates its commitment to ... they would leave without any pay since the company deducted the airfare to and from Brazil, among other costs. One victim suffered an ...