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$300k is a joke. Every manager should be in prison and the factory should be nationalized. Keep the legit (adult) employees there, and transition the business to worker ownership.
Do that a few times and you’ll see some changes in how businesses behave.
notice no one is going to jail.
The company is being fined, so no single person is being held accountable monetarily either
Google tells me:
Tuff Torq has 513 employees, and the revenue per employee ratio is $311,891. Tuff Torq peak revenue was $160.0M in 2023.
They were fined $300,000. So less than one employees' worth of revenue.
Cost of doing business, as usual.
Fined $300K, but also have to give up $1.5M in profit for the 10 kids. $150,000 per kid, or, you know, 1/2 of the revenue they generated. ;)
Well I'm sure a company with ethics, like John Deere probably, will stop doing business with Tuff Torq now. Definitely.
No, they'll just re-negotiate their contract to get a better deal causing Tuff Torque to treat their remaining employees worse.
Could you explain what exactly "revenue per employee ratio" means? My thought would be that this is the value the average employee creates for the company minus the cost of employment per year, is that correct?
It's just revenue divided by number of employees
well, at least none of those kids were being endangered by hormones!1!!11!