Save Our State - American Apparel Under Heavy Fire

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American Apparel Under Heavy Fire

http://www.dailyfinance.com/story/sp...arel/19678236/

Quote:

In addition to pitching itself as anti-sweatshop, American Apparel has publicly promoted immigration reform that enables the legalization of undocumented workers, and it proudly hires immigrants. Its hiring practices have hurt the company, however, as an immigration investigation and enforcement action early this year resulted in the loss of over 1,500 undocumented employees. The resulting disruption to production was so great, Charney claims, that the immigration action explains the company's current financial woes. Given all of American Apparel's other bad business decisions, pegging immigration enforcement as the whole or even primary cause of its problems doesn't pass the straight-face test.

See full article from DailyFinance: http://srph.it/cDTnhk

And perhaps most problematic of all for American Apparel are Department of Justice and Securities and Exchange investigations into its accounting that were triggered after the company's auditors resigned and said that based on new information, the accuracy of its books might be in question. Although the investigations alone don't mean wrongdoing occurred, if any has, it's hard to see how American Apparel survives.

I'm lost. What could possibly be suspect about the books of a company that had over a thousand illegal aliens on its payroll?

I am so happy for them. Finally some justice.

It's great! They thought they had it all!