Question
You work for a U.S.-based textile company that is having trouble competing with overseas competitors that have access to low cost labor. While you pay
You work for a U.S.-based textile company that is having trouble competing with overseas competitors that have access to low cost labor. While you pay your factory workers $14 an hour plus benefits, you know that a similar textile mill in Vietnam is paying its employees around $0.50 an hour, and the mill does not have to comply with the same costly safety and environmental regulations that your company does. After transportation costs have been taken into account, the Vietnamese factory still has a clear cost advantage. Your CEO says that it is time to shut down the mill, lay off employees, and move production to a country in Central America or South East Asia where labor and compliance costs are much, much lower. The U.S. mill is the only large employer in this small community. Many of the employees have been working at the mill their entire working lives. The mill is marginally profitable. In your opinion, what is the most ethical course of action?
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