OTHERS KOSSAN RUBBER INDUSTRIES BHD. ("KOSSAN" OR "COMPANY") REMEDIATION PAYMENT TO MIGRANT WORKERS

KOSSAN RUBBER INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
KOSSAN RUBBER INDUSTRIES BHD. ("KOSSAN" OR "COMPANY") REMEDIATION PAYMENT TO MIGRANT WORKERS

Kossan wishes to announce that the Company has today finalised its remediation plan after extensively investigating the situation and consulting multiple stakeholders.  

The total remediation fee to be paid to migrant workers is estimated at RM 50 million. The first payment of 20% amounting to approximately RM 10 million will be paid by November 2020 and the remediation payment program will be completed within 18 months.

Kossan is committed to ensure that migrant workers are free from debt bondage, forced labour in-line with our prior implementation of the zero-cost recruitment policy.

This announcement is dated 1 October 2020.






Announcement Info

Company Name KOSSAN RUBBER INDUSTRIES BERHAD
Stock Name KOSSAN
Date Announced 01 Oct 2020
Category General Announcement for PLC
Reference Number GA1-01102020-00087