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HYMTF / Hyundai divesting interest in Alabama subsidiary SMART following child labor law breaches - report

Hyundai divesting interest in Alabama subsidiary SMART following child labor law breaches - report
Hyundai Motor Company said it will be divesting ownership in its majority-owned subsidiary SMART Alabama LLC, which operates an Alabama auto-manufacturing plant, after the discovery last year that two of the company's Alabama suppliers had each employed an underage worker. As reported by Reuters, the South Korea-based multinational carmaker revealed its plans to divest ownership in SMART in a letter to shareholders from the company's CEO Jaehoon (Jay) Chang, along with the details of its investigation into its suppliers' labor law practices carried out after learning about the underage workers. Read More
Posted: Feb 24 2023, 09:24
Author Name: Proactive Investors
Views: 111556

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