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Statement by Lanny J. Davis, Attorney for BYD, on California Labor Commissioner's Dismissal of Prior Citations of Alleged Payments Below California's Minimum WageLOS ANGELES --(Business Wire)-- It is my understanding that BYD welcomes the decision by the California Labor Commissioner to dismiss as unmerited citations alleging that BYD paid below California's minimum wage to five professionals from China who temporarily worked for BYD in the latter half of 2013. BYD produced substantial documents to the Commissioner's office proving that BYD paid these professionals the equivalent of above the state minimum wage of $8.00 hour. BYD documents prove that these professionals were in fact paid $12-$16 / hour. Therefore, the Commissioner's office has today agreed to dismiss the minimum wage assessment based on the alleged under-minimum-wage payments. All five of these professionals were no longer working for BYD in California by the end of 2013. However, the Labor Commissioner's position is that BYD should have paid these five employees in U.S. dollars, not in their home currency (RMBs). While BYD disagrees with this position as a matter of law, in the spirit of resolving this matter, BYD has agreed to pay $1,900 for this alleged error. This means that the hearing on the minimum wage issue on calendar for tomorrow, Tuesday, January 28, will no longer be necessary. BYD appreciates the cooperation and communication that led to this resolution. However the hearing will continue regarding two other alleged technical violations that BYD denies -- the alleged omission of two out of nine categories of information on check stubs of all employees; and the alleged denial of rest breaks for 8 employees who were permitted to choose to take one twenty-minute rest break, rather than requiring a split of this break into two ten-minute breaks against the employees' preference. I am proud that this Warren Buffett backed company has already created 50 American jobs with 100 more planned next year. ABOUT LANNY J. DAVIS
About BYD BYD is a publicly-traded company with no Chinese government ownership. In fact, U.S. investors own over 60% of the public stock, with Warren Buffet's Berkshire Hathaway owning 9.9% of that amount. Mr. Buffett and his colleagues recognize BYD's breakthrough battery and EV technologies: an electrified, 24-hour, and long-range battery that provides emission-free, silent, and economic public and private transportation. As the world's largest manufacturer of rechargeable batteries, BYD's mission is to create safer and more environmentally-friendly battery technologies, and this has produced the BYD Iron Phosphate Battery. This fire-safe, completely recyclable, and incredibly long-cycle technology has become the foundation of BYD's clean energy platforms. Affordable Solar Power Environmentally-Friendly Energy Storage Battery Electric Buses
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