Author: gloveharicut   |   Latest post: Tue, 4 May 2021, 3:56 PM


US CBP tells Top Glove to do more to rectify labour issues

Author:   |    Publish date:

{{{PM me to join GLOVE Private Discussion Room}}}

I invite you to read my blog and make a smart GLOVE decision.



I am reproducing The Edge Article to my blog.

This post don't have any value added content.

Compile here for my own record.

Please skip if you don't like it.


US CBP tells Top Glove to do more to rectify labour issues

US CBP tells Top Glove to do more to rectify labour issues

KUALA LUMPUR (April 5): Top Glove Corp Bhd has been instructed by the US Customs and Border Protection (CBP) to carry out additional rectification and verification works in relation to its efforts addressing forced labour issues.

In a bourse filing, the group announced that one of the additional rectifications is to return workers' identity documents retained by recruitment agents.

According to Top Glove, this impacts less than 1% of its workers.

Another rectification is remediation for workers who did not manage to come to Malaysia to work due to Covid-19-related lockdowns. However, Top Glove did not reveal the detail of action it needs to take to remediate this.

"As to date, no disposable gloves have been seized pursuant to the Withhold Release Order. There is also no financial and operational impact on the company based on current assessment.

"Top Glove remains committed to the welfare, health and safety of our workforce," it said.

The rubber glove maker added that it has clarified with the CBP, and that there are no new issues on force labour, as per its announcement on April 1.

On March 29, the CBP announced that it was directing all personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove.

The decision came after the CBP Office of Trade, in consultation with the Secretary of the Treasury, published a forced labour finding against disposable gloves produced by Top Glove.

The government agency said that it had sufficient information to believe Top Glove used forced labour in the production of disposable gloves.

Top Glove had earlier said that an independent consultant found no systemic forced labour within the group as of January this year.

It also had appointed the consultant to verify corrective action plans it implemented to eliminate the presence of forced labour indicators from its practices.

Shares in Top Glove fell seven sen to RM4.68, valuing it at RM38.41 billion. It saw 8.24 million shares done.


Share this

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 4.70 +0.07 (1.51%) 34,226,800 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

572  344  555 

Top 10 Active Counters
 FINTEC 0.035+0.005 
 MMAG 0.185-0.005 
 VSOLAR 0.02+0.005 
 EURO 1.10-0.11 
 MTOUCHE 0.090.00 
 SERBADK 0.625-0.005 
 HHHCORP 0.190.00 
 MRDIY 3.900.00 
 FOCUS 0.04+0.005 
 EDARAN 1.17+0.265 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!


1. What Professor Dennis Etler said about China - Koon Yew Yin Koon Yew Yin's Blog
3. [MUST READ] Important message for all investors who are planning to invest in AT or existing AT shareholders Important message for all investors who are planning to invest in AT or existing AT shareholders
4. TENAGA and TENAGA-C85 i3gambler
5. Singapore sees first day rush for Sinovac vaccine; as 16 Covid-19 cases announced on Friday (June 18) Good Articles to Share
6. BioNTech Covid-19 shots have stronger antibody response than Sinovac, Hong Kong study shows Good Articles to Share
7. [转贴] [Video:浅谈EDARAN BHD, EDARAN, 5036] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Serba Dinamik rombak struktur Lembaga Pengarah, lantik IIlyas Pakeer sebagai pengerusi Oil and Gas Malaysia News