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US multinational Walt Disney scraps Business Deal with Chinese Toymaker after it flouted Labour Standards
Beijing, November 30, 2016: US multinational Walt Disney has broken ties with a Chinese toymaker after receiving reports that it flouted labour standards, the company said in a statement.
Disney announced it was breaking ties with the Dongguan Qing Xi Juantiway Plastic Factory, but did not provide details about the irregularities, Efe news reported on Wednesday.
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The factory that manufactures figures of Disney characters, committed the labour violations, reported a New York-based non-profit China Labor Watch.
The multinational also said that another Chinese manufacturer, Lam Sun Toy Limited, was also not complying with practices regarding record-keeping, health, fire safety and human resources.
Lam Sun will have the opportunity to maintain its contracts with Disney if it addresses these problems, Walt Disney added.
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The US company also rued that China Labor Watch did not contact them directly, preferring instead to report such irregularities through press releases.
In 2015, the non-profit organisation released a report detailing breaches by five toymakers in China, all of which had contracts with Disney and other companies.
Disney approved its plan for international labour standards in 1996 and has 120 employees in 12 countries, tasked with improving the working conditions of over 30,000 factories associated with it.
Close to 28 per cent of the plants working with Disney are located in China.
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The Walt Disney Company is headquartered in Burbank in California and is the world’s largest entertainment company.
In 2016 fiscal, the company posted a profit of $9.391 billion, a 12 per cent jump over 2015, and its total turnover rose to $55.632 billion. (IANS)
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Federer, who made a late decision to attend this year's Laver Cup in Boston -- a tournament held between teams from Europe and the rest of the world -- said on the sidelines of the event that the recovery and rehabilitation are "going to take me a few more months and then we'll see how things are at some point next year". "The reception I've received, everybody is so upbeat that I'm here. They wish me all the best and they don't even see the crutches. They just want me to be good again and enjoy the weekend," Federer said in an interview for the event with former world No. 1 Jim Courier.
"I've seen some incredible tennis, some great matches and it's been wonderful. I'm really happy I made the trip," the winner of 20 majors was quoted as saying by atptour.com. On why he opted for a third surgery, the tennis ace said, "I was just nowhere near where I wanted to be to play at the top, top level. But I tried my best and at the end... too much is too much. Now I've just got to take it step by step," Federer said.
Federer received thunderous ovations inside Boston's TD Garden, where he has often been sitting in the front row watching the action or behind the scenes visiting with the players. The former world No. 1 has played in the first three editions of the Laver Cup. "I think Boston is a great city. The stadium is wonderful, the crowds have been incredible. Both teams are stacked with absolute quality and top players," Federer said. "That's what the idea was behind it: that everybody could come together, have the most incredible weekend, learn from one another and then hopefully that's going to inspire them, motivate them and get them going for the rest of this year, next year." (IANS/ MBI)
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