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Stock impact report

Levi's under fire after supplier laid off hundreds of workers [Yahoo! Finance]

Ralph Lauren Corporation (RL) 
Last ralph lauren corporation earnings: 2/4 08:01 am Check Earnings Report
US:NYSE Investor Relations: investor.ralphlauren.com
Company Research Source: Yahoo! Finance
Critics accuse Levi's ( LEVI ) of ignoring its own labor standards after it continued working with a factory in Turkey that fired around 400 people last year after they joined a union and went on strike over pay and working conditions. Turkey is a critical link in the global supply chain for apparel. The country exported around $30 billion worth of apparel and textiles last year, according to the Istanbul Exporters' Association, a clothing industry group. One player in the industry is Ozak Tekstil's factory in Turkey's Sanliurfa region, which exclusively makes jeans for Levi's. Ozak Tekstil also produces clothing in its other factories in Turkey for brands such as Zara, Hugo Boss, Guess, Mango and Ralph Lauren, according to the report by the Worker Rights Consortium (WRC), published Friday. Seher Gulel worked in quality control at the factory before she was fired in late November. She was paid Turkey's minimum wage, she told CNN, which at the time was about $15 a day. Pressure, Show less Read more
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