Top Glove sales to UK unlikely to be dented by negative report
Company has responded to allegations made by The Guardian of mistreatment of its migrant workers
Singapore
LAST week's report on Top Glove Corporation by The Guardian is unlikely to dent its sales of surgical gloves to the UK's National Health Service (NHS), the Malaysian glove maker's managing director Lee Kim Meow said at an earnings call on Tuesday.
The article on Dec 10 suggested Top Glove medical gloves were made in Malaysia by migrant workers who were subjected to forced labour, forced overtime, debt bondage, withheld wages and passport confiscation.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment
US dollar soft on renewed Fed rate cut bets; yen on back foot
Possible class action lawsuit against Cordlife by customers could take at least 2 years
SAP extends CEO Klein’s contract until 2028