Ethical dilemma: You work for a U.S.-based textile company struggling with overs

Question

Ethical dilemma: You work for a U.S.-based textile company struggling 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 about $0.50 an hour, and the mill does not have to comply with the same safety and environmental regulations that your company does. Although your mill is marginally profitable, the Vietnamese factory clearly has a cost advantage. Your CEO wants to move production to Vietnam where labor and compliance costs are lower, resulting in mill closure and employee layoffs. Your mill is the only large employer in a small community. Many of the employees have worked there their entire working lives. What is the right action to take for stockholders? What is the most ethical course of action? Is there a conflict here?

Explanation / Answer

Stockholders and employees are the one who are getting to affect directly by the action of company because they are so closely related and dependent on the company.

While right action to take for stockholder is return thier all financial figures that are investrd by them in business and all their profit share should be given to them.It is very difficult to say employees you are layoff its seems you are taking thier world from them ethical course of action would be provide them enough compensation which they faced because of losing job .employees who worked their entire woking life pention facilities should be provided to them from company.If company not able to pay pention than some lumpsum amount should be given to them,it is a responsibility of company.

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