Roundup of business news: Conflict minerals, best place to work is here in town, and auctioning armor

by alyssa on June 18, 2014

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Above: Armor leftover from the former Higgins Armory was put in the hands of a Southborough company to auction off to the highest bidder. (Photo from Flickr by Christopher Penn)

These Southboro based businesses made headlines recently.

Conflict miners test trips up Southboro Company– source: telegram.com

Southborough based company, Sevcon Inc., a producer of electronic equipment, was recently in the news for revealing that it uses conflict materials but argues the materials are necessary for its operations.

The company plans on improving by using ” a continuous improvement strategy in order to improve from the above initial results and to mitigate the risk that our necessary conflict minerals will benefit armed groups.”

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, “requires U.S. companies to disclose to the Securities and Exchange Commission by June 2 whether their products contained any gold, tin, tungsten or tantalum sourced from war-torn parts of Congo or adjoining countries — including the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola. The provision aims to choke off funding to armed militia groups responsible for human-rights abuses.” (read more)

Southboro company named best place to work– source: telegram.com

Globoforce, with offices in Southboro and Dublin, Ireland, has been named one of the Best Workplaces in the United States and Europe by the Great Place to Work Institute, as well as a Top Place to Work in Massachusetts by The Boston Globe.(read more)

Know a knight in need?– source: http://southborough.wickedlocal.com/

The Higgins Armory Museum liquidated the remaining non-collection items in the art deco building at 100 Barber St., Worcester. Southborough’s Bottom Line Exchange Co. Inc. handled the auction. (read more)

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