Business ethics Essay Example | Topics and Well Written Essays - 1500 words - 6

Business ethics - Essay Example If many patients working under the old plant have already been diagnosed with Cancer, the firm cannot risk continuing with the operations knowing the health implications involved. Even if a cleanup occurs, it is not a guarantee that the scenario will occur again due to the plant being old. Option B, on the contrary, is also unethical because it will expose the workers from Liberia at a serious health risk, not to mention the negative effects on the community. Paying employees’ low wages because of the country they come from is unethical. Employees should not be shown favoritism due to their nationality or ethnicity. The strategy by the firm to cut on labor costs at an expense of the workers in Liberia is very unethical. The firm opting to use Low-tech methods that would cause a health risk to the workers and the community because of toxic hazards released to the Environment is against the Environmental principle of managing toxic wastes. , From an Ethical point of view Option C, can work as the best option among the three options that TK Company has now. Now the Government is offering low interest rates on their financial facilities, thus the firm could resort to take a loan at a low interest rate and use it to improve their new facilities. Facing out the old facilities is ethical on TK’s part because it will reduce the chances of more employees being exposed to cancer infections. In addition, the mechanism they are using to reduce the workforce is very ethical, because no employee will be laid off in an inhumane manner, but has a chance to receive their pension, in addition to all the other retirement benefits. Even though the debt liabilities will rise, the firm can manage it well in the future after the operation at the new facility picks up (Vincent, 2011). Vincent asserts that, every organization, including TK has ethical rules and guidelines, which they refer to as ‘code of ethics’ that they have to