Top mobile company Telefonica Brasil found guilty of slave labor [Reuters]
Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV)
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Source: Reuters
Top mobile company Telefonica Brasil found guilty of slave labor - Reuters 4 Min Read RIO DE JANEIRO (Thomson Reuters Foundation) - Leading mobile company Telefonica Brasil and three firms in its supply chain have been found guilty of engaging in slave labor, authorities said on Wednesday. A panel of labor judges in Espirito Santo state ruled that Telefonica, publicly traded as Vivo in Brazil, was culpable after workers toiled in slavery-like conditions during the building of a cellphone tower in 2014. The decision supports the idea that companies be held responsible for labor abuses within their supply chain, even when not directly involved in perpetrating them, prosecutors and campaigners said. “This was a joint conviction of all the members of the supply chain,” said Valerio Heringer, Espirito Santo’s top labor prosecutor. “(Labor laws) cannot be forgotten by any firm in a supply chain,” Heringer told Thomson Reuters Foundation. “The omission by one company impacts all the others.”
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News
- Telefônica Brasil S.A. (NYSE: VIV) had its price target lowered by analysts at Barclays PLC from $13.50 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Telefônica Brasil S.A. (NYSE: VIV) had its price target raised by analysts at Barclays PLC from $13.00 to $13.50. They now have an "equal weight" rating on the stock.MarketBeat
- Telefonica Brasil's Q4 Earnings: Strong Buy For Income Investors [Seeking Alpha]Seeking Alpha
- TELEFÔNICA BRASIL S.A. ANNOUNCES THE FILING OF ITS ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2023PR Newswire
- VIV vs. TU: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
VIV
Sec Filings
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- VIV's page on the SEC website