V.S. Industry Berhad Registration no: 198201008437 (88160-P) PRESS STATEMENT / SIARAN AKHBAR (FOR IMMEDIATE RELEASE) JOINT STATEMENT BY VS AND MIGRANT WORKER RIGHTS SPECIALIST, ANDY HALL, WITH REGARDS TO WORKERS’ WELFARE • Andy Hall stresses that further independent third party audits and credible investigations are needed into the situation of migrant workers in Malaysian industries. • He currently has no intention to launch public campaigns against any specific companies that are open to constructive dialogue on migrant worker rights. • Both VS and Andy Hall are in discussion on areas of fruitful cooperation into the future to enhance the welfare of migrant workers at the company. Johor Bahru, 6 December 2021 – Leading Electronics Manufacturing Services (“EMS”) provider in Malaysia, V.S. Industry Berhad (“VS” or the “Group”) (“威鋮 集团”) has proactively reached out to Migrant Worker Rights Specialist, Mr. Andy Hall, following references made to VS by Mr. Hall during a recent investor briefing on the topic of migrant workers’ welfare in Malaysia. Following a discussion between both parties, Migrant Worker Rights Specialist, Andy Hall commented, “I continue to mention in my capacity as an independent guest speaker at conferences and investor briefings that there is a need to conduct further due diligence with regards to the situation of migrant workers at suppliers of many MNC brands in Malaysia. My areas of concern 2 include the legality of the use of outsourced migrant workers through third party agents, the risks inherent in the government’s recalibration scheme as well as working hours, living wage and social dialogue issues, amongst others. However, my recent comments were not meant as a direct reference to indicate irremediable migrant worker issues at VS.” “At this juncture, I have no intention to launch further public campaigns against any specific companies that are open to constructive dialogue on migrant worker rights, given the inherent risks of publicity to the well-being of all concerned, especially the workers and their families. It is also important to ensure migrant workers’ livelihoods are sustained, while not compromising their welfare. It would not be an ideal situation if in the end, any workers, whether Malaysian or migrant, lose their jobs due to exploitation of situations that could and should be remedied.” “Nevertheless, I do believe my concerns are valid and should be treated seriously by companies, the government and investors in Malaysia and globally. Hence, I urge both suppliers, buyers and brands to urgently remediate serious social non-compliance issues and ensure a much needed strengthening in the overall sectoral and corporate approach to engaging and improving social compliance, as the ‘S’ is often left behind in the ESG concerns for the industry.” “In this regard, I am happy that the management of VS share my concerns and we are already in discussion on the subject of migrant workers’ welfare following the company’s effort to proactively reach out to me so I could share my concerns with them. I have offered my immediate suggestions for VS’s management to consider. I look forward to further exchange of communication with VS leadership that can surely bring win-win outcomes to both migrant workers and VS,” Mr. Hall added. Managing Director of VS, Datuk S.Y. Gan (拿督颜森炎) said, “At VS, we place high priority on ESG matters, and are committed to maintaining our high 3 standards of corporate governance. On the subject of migrant workers, we are serious in our efforts to safeguard the legitimate rights and interests of all employees, including migrant workers. Obviously, managing a large pool of migrant workers indeed comes with challenges. As such, we have experienced and trained personnel in-charge of the management of migrant workers.” “We are in compliance with all government regulations with regards to our migrant workers. We have also passed the latest audit checks by the Responsible Business Alliance or RBA, as well as by our key customers with no material issues highlighted. Notwithstanding this, we acknowledge and appreciate the concerns brought up by Andy Hall, and we understand where he is coming from. In response, as a transparent and responsible corporate citizen, VS wishes to once again stress we are open to working with external parties including civil society who can add value and further strengthen our ESG initiatives, including as regards enhancing the welfare of migrant workers.” “With our operating history of over 40 years, VS has established a strong reputation with our MNC clients. As such, it is certainly in our best interest to ensure all our practices are above board to uphold our reputation with our clients and build long term relationships with them.” Datuk Gan concluded.
6th DECEMBER 2021 PRESS STATEMENT / SIARAN AKHBAR (FOR IMMEDIATE RELEASE) JOINT STATEMENT BY VS AND MIGRANT WORKER RIGHTS SPECIALIST, ANDY HALL, WITH REGARDS TO WORKERS’ WELFARE (3 main points summarized below)
"It would not be an ideal situation if in the end, any workers, whether Malaysian or migrant, lose their jobs due to exploitation of situations that could and should be remedied," said Hall in a joint statement with electronics manufacturing services provider VS Industry Bhd on Monday (Dec 6).
Sifu NatsukoMishima what happens tomorroow? Can collect 50 sen or not?
Posted by NatsukoMishima > Dec 3, 2021 4:22 PM | Report Abuse
Confirmed ataims 2.0 , news spread to whole world already , dont touch ems stocks , u will bankrupt immediately , after glove stocks killed many bilis now is the turn for ems to double kill bilis !
Yes. Andy Hall does not want any workers in Malsysia to lose their jobs due to his campaign. Companies just need to show they are cooperative with him before something bad happens.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sugu
134 posts
Posted by sugu > 2021-12-06 11:36 | Report Abuse
friday i bought