business / news / / CNBC
China's BYD put on a registry of employers who have subjected workers to conditions similar to slavery.
BYD has been officially added to Brazil's registry of employers linked to slave-like labor conditions.
KEY POINTS
- Being on the list bars BYD from certain Brazilian bank loans but does not halt plant operations.
- BYD signed a deal with labor prosecutors but not with labor inspectors, affecting its registry status.
- Companies remain on the registry for two years unless removed by court decision after exhausting appeals.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →