Controversy
In June 2012, Coats plc lost court challenges against European Union antitrust fines for fixing the price of fastners such as zippers, rivets and snaps during the 1970's. The European General Court dismissed Coats' appeal on all counts and upheld the 110m Euro fine imposed by the European Commission in its original decision of 19 September 2007.
In February 2012, it was wrongly alleged that union leaders were held captive by factory managers in Bangladesh whilst trying to resolve an industrial dispute. At the time union leaders had their mobile phones confiscated and were forcibly detained in Coats' head office building overnight, only releasing them when trade union colleagues alerted the local media..
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Famous quotes containing the word controversy:
“And therefore, as when there is a controversy in an account, the parties must by their own accord, set up for right Reason, the Reason of some Arbitrator, or Judge, to whose sentence, they will both stand, or their controversy must either come to blows, or be undecided, for want of a right Reason constituted by Nature; so is it also in all debates of what kind soever.”
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