Index Investing News
Monday, May 19, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Unique-Brazil yanks temp work visas for China’s BYD after trafficking claims By Reuters

by Index Investing News
December 28, 2024
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


By Lisandra Paraguassu

BRASILIA (Reuters) -Brazil has stopped issuing non permanent work visas for BYD (SZ:), the Ministry of Overseas Affairs stated on Friday, within the wake of accusations that some employees at a web site owned by the Chinese language electrical automobile producer had been victims of human trafficking.

The announcement got here days after labor authorities stated they discovered 163 Chinese language employees who had been dropped at Brazil irregularly in “slavery-like” situations on the BYD manufacturing unit development web site within the northeastern state of Bahia. The employees had been employed by contractor Jinjiang Group, which has denied any wrongdoing.

Later, the authorities additionally stated the employees had been victims of human trafficking. In keeping with the overseas ministry, the employees entered Brazil on non permanent work visas.

The manufacturing unit has turn out to be an emblem of China’s rising affect within the South American nation and an instance of a better relationship between each nations. BYD has invested $620 million to arrange the Bahia manufacturing unit advanced alone.

Brazil is the largest abroad marketplace for BYD, which didn’t instantly reply to a request for touch upon the ministry’s determination.

The Chinese language EV maker has stated it plans to begin manufacturing in Brazil early subsequent 12 months with an preliminary annual output of 150,000 automobiles. 

Brazil’s Ministry of Justice stated in a separate assertion on Friday that if irregularities discovered by prosecutors within the BYD manufacturing unit are confirmed, it might revoke the residence permits it had issued to the Chinese language employees.

The Ministry of Justice had already despatched a request to the Ministry of Overseas Affairs to droop BYD non permanent visa issuance on Dec. 20, three days earlier than the labor authorities’ findings had been made public, in response to a supply with data of the communication.

The order was then forwarded to Brazil’s embassy in Beijing, the supply added.

In a social media put up on Thursday, which was reposted by a BYD spokesperson, Jinjiang Group rejected the Brazilian authorities’ accusations concerning the work situations on the Bahia web site.

The contractor stated the portrayal of the employees as “enslaved” was inaccurate and that there had been translation misunderstandings.

BYD and Jinjiang Group have agreed to help and home the 163 employees in inns till a deal to finish their contracts is reached, the Brazilian Labor Prosecutor’s Workplace stated in a press release on Thursday, after assembly representatives from each companies.

Practically one in 5 automobiles BYD offered outdoors of China within the first 11 months of 2024 was in Brazil.





Source link

Tags: BYDChinasclaimsExclusiveBrazilReuterstemptraffickingVisasworkyanks
ShareTweetShareShare
Previous Post

John Legend’s 8-12 months-Outdated Daughter Luna Hilariously Asks Dad to ‘Compromise’ on This Parenting Rule

Next Post

Trump asks Supreme Court docket to pause regulation that would ban TikTok By Reuters

Related Posts

HAL, Eris Lifesciences, Kaynes Tech, NCC On Brokerages’ Radar

HAL, Eris Lifesciences, Kaynes Tech, NCC On Brokerages’ Radar

by Index Investing News
May 19, 2025
0

With the defence sector hogging the limelight the previous few weeks, Jefferies sees potential for additional home manufacturing, and hiked...

Philippe Laffont’s Coatue Takes Recent Stake in Philip Morris Worldwide Inc. (PM)

Philippe Laffont’s Coatue Takes Recent Stake in Philip Morris Worldwide Inc. (PM)

by Index Investing News
May 18, 2025
0

Although primarily recognized for its deal with tech shares, billionaire investor Philippe Laffont’s Coatue Administration not too long ago made...

Editorial. Stress techniques – The Hindu BusinessLine

Editorial. Stress techniques – The Hindu BusinessLine

by Index Investing News
May 18, 2025
0

Exterior Affairs Minister S Jaishankar | Photograph Credit score: ANI In a transfer that maybe marks a shift in the...

Forward of Market: 10 issues that may resolve inventory market motion on Monday

Forward of Market: 10 issues that may resolve inventory market motion on Monday

by Index Investing News
May 18, 2025
0

The Indian market ended decrease on Friday, weighed down by a pull-back in high-weight monetary and data expertise shares following...

Gen Zers are lacking out on a whole bunch of 1000’s in free cash by ignoring this firm coverage

Gen Zers are lacking out on a whole bunch of 1000’s in free cash by ignoring this firm coverage

by Index Investing News
May 18, 2025
0

Gen Z’s monetary ignorance is ensuing within the technology leaving 1000's of {dollars} in free cash on the desk. For...

Next Post
Trump asks Supreme Court docket to pause regulation that would ban TikTok By Reuters

Trump asks Supreme Court docket to pause regulation that would ban TikTok By Reuters

Man Metropolis predicted lineup vs Leicester

Man Metropolis predicted lineup vs Leicester

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

AMD Earnings: Highlights of Superior Micro Units’ Q2 2024 outcomes

AMD Earnings: Highlights of Superior Micro Units’ Q2 2024 outcomes

July 30, 2024
Obama, Hamas and ‘Complicity’ – WSJ

Obama, Hamas and ‘Complicity’ – WSJ

November 6, 2023
The Logic of Apocryphal Quotes

The Logic of Apocryphal Quotes

February 15, 2024
Kamala Harris lays out positions on China, Ukraine and Gaza

Kamala Harris lays out positions on China, Ukraine and Gaza

August 23, 2024
Weekly Crypto Outflows Attain  Million

Weekly Crypto Outflows Attain $9 Million

August 23, 2022
Greater than  billion US wanted to rebuild devastated Gaza Strip: World Financial institution joint report

Greater than $50 billion US wanted to rebuild devastated Gaza Strip: World Financial institution joint report

February 18, 2025
Translating Life and Destiny (with Robert Chandler)

Translating Life and Destiny (with Robert Chandler)

December 2, 2024
The Hidden Prices of Self-Managing Leases—and How the Proper Instruments Can Save You Time and Cash

The Hidden Prices of Self-Managing Leases—and How the Proper Instruments Can Save You Time and Cash

April 17, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In