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Tag: uzbek
Forced labour falls in Uzbek cotton sector but problems persist
2018-09-11 15:59:00| Daily apparel & textile news and comment - from just-style.com
A new report has commended the fact that public sector workers in Uzbekistan were not forced to plant and weed cotton this spring - but warns serious structural problems in the sector threaten to undermine this development.
Tags: problems
sector
falls
forced
US to remove Uzbek cotton from forced labour list?
2018-07-31 12:22:00| Daily apparel & textile news and comment - from just-style.com
The US Department of Labor's Bureau of International Labor Affairs is seeking comments on a proposed removal of Uzbekistan cotton from a list of products that may have been produced by forced or child labour.
Tags: list
remove
forced
cotton
Roadmap of reforms suggested for Uzbek cotton harvest
2018-06-05 12:23:00| Daily apparel & textile news and comment - from just-style.com
A delegation from the Cotton Campaign has presented a number of recommendations to Uzbekistan Government officials on how to end systemic forced labour in the country's cotton sector.
Tags: suggested
cotton
harvest
reforms
Veon lowers FY profit forecast on strong devaluation of Uzbek currency
2017-09-15 16:05:00| Telecompaper Headlines
(Telecompaper) Veon expects annualised decreases in revenues of USD 300-350 million and in underlying EBITDA of USD 175-225 million. Based on 2016 total annual revenues of USD 9 billion and underlying EBITDA of USD 3.6 billion, the impact represents 3.5 percent of revenues and 5.5 percent of underlying EBITDA. The group's net debt/underlying EBITDA ratio is expected to immediately increase by 0.1x and net assets are expected to decrease by USD 485 million.
Tags: strong
profit
currency
forecast
World Bank criticised over Uzbek cotton loans
2016-09-14 13:22:00| Daily apparel & textile news and comment - from just-style.com
The World Bank has been accused of potentially violating international law by providing agricultural loans to the government of Uzbekistan, which uses forced labour in the country's cotton sector.