|Bid||3.7600 x 0|
|Ask||3.7900 x 0|
|Day's Range||3.7200 - 3.8000|
|52 Week Range||3.5400 - 4.6400|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||26.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Malaysian palm oil giant IOI Corp will undergo an audit to assess the compliance of its labour policies and working conditions at its plantations, the firm said on Friday, following a report by a human rights group alleging violations. Helsinki-based Finnwatch on Wednesday published a report alleging that Indian migrant workers at an IOI estate face poor living conditions, paid high recruitment fees, and were paid below the minimum wage. IOI said it viewed the report's findings seriously and would strive to improve the implementation of its labour policies and working conditions.
KUALA LUMPUR (Reuters) -Workers at Malaysian palm oil company IOI Corp are mistreated by managers, face poor living conditions and pay high recruitment fees, according to a report to be published on Wednesday by human rights group Finnwatch. IOI said it would comment on the report after its public release and directed Reuters to a "grievance tracker" on its website where it addressed the specific complaints raised by Finnwatch. IOI faces the accusations days after saying it will assist in any investigation after the U.S. Customs and Border Protection (CBP) said in a letter to an activist that it was investigating the firm over forced labour allegations.
Malaysian palm oil company IOI Corporation on Friday said it would assist with any investigation after the U.S. Customs and Border Protection (CBP) said it was probing the company over allegations of forced labour. Migrant rights activist Andy Hall told Reuters he had petitioned the CBP over concerns of forced labour indications in IOI's operations, as alleged by the workers.