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Timex Group in India receives SA 8000 certification, one of the world's first auditable social certification standards

Posted On: 2020-04-07 15:03:43


Timex Group in India has been stamped with the prestigious SA 8000 certification, one of the world's first auditable social certification standards for decent workplaces, across all industrial sectors. The accredited certification demonstrates good practice to consumers, buyers, companies and other stakeholders. With the aim to ensure practical world-life situations, Timex Group has been the recipient of the certification owing to their methods of encouraging sustainable systematic changes in workplace management. Further, the certification provides ongoing and reliable assurance that an organization is upholding social performance expectations, while also continuously improving their management systems to address and prevent social and labour risks.

Keeping in line their aim to maintain an ethically sound working environment, recipients of this certification have adopted policies and procedures that protect the basic human rights of workers ranging from Child Labour to Health and Safety and Disciplinary Practices. With benefits not only for employees but also for the business, the Timex Group in India has adhered to all the policies while simultaneously providing enhanced opportunities to both.

The certification which is an international standard for improving working conditions around the world is an esteemed stamp for the Timex Group and showcases their principals and employee friendly management systems. The process to achieve the same is continuous and ongoing which also requires substantive and meaningful worker participation.

About the Timex Group: Timex Group designs, manufactures and markets innovative timepieces around the world. Timex Group is a privately-held company headquartered in Middlebury, Connecticut with multiple operating units and over 5,000 employees worldwide. As one of the largest watch makers in the world, Timex Group companies produce watches under several well-known brands, including Timex, Timex Ironman, Timex Expedition, Nautica, Guess, GC, Salvatore Ferragamo, Versace, Versus and Opex. The Timex brand, launched in 1950, sells millions of watches each year worldwide.

Shares of TIMEX GROUP INDIA LTD. was last trading in BSE at Rs.18.4 as compared to the previous close of Rs. 18.5. The total number of shares traded during the day was 2771 in over 73 trades.

The stock hit an intraday high of Rs. 19 and intraday low of 17.4. The net turnover during the day was Rs. 50305.


Source: Equity Bulls

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