|
BIZCHINA> Center
![]() |
|
Related
Gov't foots shoe firm's wage bill
By Zhan Lisheng (China Daily)
Updated: 2008-11-06 11:34
The press official, surnamed Chen, told China Daily that a series of measures has been introduced to deal with the aftermath of the closure of the Chang'an-based firm, which is owned by investors from Taiwan. "When we learned on Saturday that the boss of the company had fled, we set up a task force to deal with workers' grievances and other matters arising from the incident," he said. "The government has advanced about 7 million yuan to cover the wages of the 2,000-odd workers." Chen said the government had been in contact with the boss of the firm and set a deadline of Tuesday for his return to discuss possible solutions. "As he failed to return, the local government will take possession of the factory and auction off its equipment, as it is entitled to do under the law," he said. Luo Hongliang, one of the 2,000 people left jobless by the shoemaker's demise, said yesterday that although he is grateful to the government for paying his wages, he fears for his future. "The welfare package was good; I got more than 2,000 yuan, which covered my salary and overtime pay," he said. "My fear now is that although some other factories are recruiting, I will probably have to take a pay cut. "I just can't understand how such a big factory could close all of a sudden," he said. "We've all been talking about what might have happened; some people have said the company had cash flow problems," Luo said. According to a report in yesterday's Nanfang Metropolis Daily, the firm had been experiencing financial difficulties following a period of rapid expansion. The final straw came when one of its partners withdrew 50 million yuan from the firm, it said. Huang Chunming, secretary-general of the Dongguan leather and footwear association, claimed the boss of the firm had also been accused of defrauding his suppliers, the report said without elaborating. (For more biz stories, please visit Industries)
|
广水市| 沾益县| 清新县| 枣阳市| 横峰县| 阜新市| 富蕴县| 荆门市| 定襄县| 荥经县| 肥西县| 阿合奇县| 西畴县| 龙南县| 凉城县| 蒙自县| 繁昌县| 扎囊县| 佳木斯市| 凤翔县| 双鸭山市| 湟中县| 诸暨市| 宣威市| 玉环县| 华容县| 三江| 泰顺县| 沐川县| 辛集市| 惠安县| 兴文县| 连南| 漠河县| 竹山县| 石棉县| 海晏县| 兴隆县| 滨海县| 庆云县| 沈丘县|