Underage teen workers did 'oppressive child labor' for Tennessee parts supplier, feds say [USA TODAY]
Deere & Company (DE)
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Source: USA TODAY
The Department of Labor has fined a Tennessee parts supplier for John Deere, Toro and Yamaha with illegally employing children as young as 14 in dangerous jobs. Tuff Torq of Morristown in eastern Tennessee will pay a $296,951 penalty after the department's Wage and Hour Division confirmed the the outdoor power equipment parts manufacturer "subjected 10 children to oppressive child labor," the Labor Department said on Monday The department's Wage and Hour Division said began its probe of Tuff Torq in 2023, but received proof of the unlawful work on Jan. 23, 2024, when investigators witnessed a child operating a "power-driven hoisting apparatus" like a forklift. Workers under the age of 18 are prohibited from operating that type of machinery. Tuff Torq agreed to quit illegally hiring children and will set aside $1.5 million from profits made during the kids' employment, which will go to the children, in the settlement announced by the department's Office of the Solicitor. “Even
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News
- Deere (DE) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Outdoor Power Equipment Market To Reach USD 80.8 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Meet the American who invented the gas-powered tractor, entrepreneur John Froelich, helped feed the world [FOX News]FOX News
- Deere & Company: A Good Business At A Fair Price [Seeking Alpha]Seeking Alpha
- Deere (DE) Stock Moves -0.14%: What You Should Know [Yahoo! Finance]Yahoo! Finance
DE
Earnings
- 2/15/24 - Beat
DE
Sec Filings
- 4/18/24 - Form 11-K
- 4/18/24 - Form 11-K
- 3/7/24 - Form 4
- DE's page on the SEC website