Zhongtai gives employees a year off from work for several months, and Bo County lets employees stay until the end of the year

category:Finance
 Zhongtai gives employees a year off from work for several months, and Bo County lets employees stay until the end of the year


Some media learned from insiders that on May 29, Zhongtai Hunan base issued the notice on the postponement of the companys employees holiday, saying that due to the downward pressure of the automobile industry and the serious impact of the epidemic, the holiday time of all employees in the base was postponed to June 30, 2021, which means that Zhongtai Hunan base will continue to stop production. The notice encourages employees to leave voluntarily and will be given a certain incentive fund subsidy.

In fact, Zhongtai has suffered collective wage demands before, and Jin zheyong, chairman of the board of directors, has been critically attacked by multiple restrictions on high consumption. The auto group, which once owned many sub brands and made billions of profits throughout the year, is teetering. Since the second half of 2019, due to various problems, such as lack of funds, lack of national six models and so on, the production of Zhongtai automobile has almost stagnated, and there is no car for sale at the terminal. Since 2020, Zhongtai automobile has been repeatedly exposed as underpaid.

On April 25, zotai motor released its main operating results in 2019, which showed that its operating revenue in 2019 was about 3.204 billion yuan, a year-on-year decrease of 78.3%; net profit attributable to shareholders of listed companies was - 9.294 billion yuan, a year-on-year decrease of 1261.96%; net cash flow was - 1.017 billion yuan. Zhongtai stressed in the performance report that the company is trying to restore normal production and find ways to improve its operation.

But a notice from all employees to the end of June next year, let Zhongtai automobile get involved in the vortex of public opinion.

It is reported that Hunan base is one of the numerous production bases built by Zhongtai automobile group in China. It is a key production base after Zhongtai acquired Aotuo in Jiangnan in 2007. This holiday notice involves Hunan Jiangnan Automobile Manufacturing Co., Ltd., Xingsha manufacturing plant, Changsha branch of new energy vehicles, etc. of Zhongtai Hunan base. Zhongtai also highlighted in the holiday notice: after the holiday is over, all the employees on the job will move to Xiangtan Tongrui company for work. If the employees cant go to work according to the companys requirements, they will be treated as absenteeism. If the total absenteeism is three days, they will be treated as automatic resignation and the employment contract will be automatically terminated. In addition, any consequences caused by accidents during the period of production suspension and vacation shall be borne by the employee himself.

A number of Zhongtai auto employees told the media that the company has not yet paid the basic wage from October 2019 to the present, and has only reissued the symbolic living allowance.

Zotye is not the only one with a few months salary arrears.

On June 3, it was reported that Boxun auto signed a letter of agreement with some employees from that week, which many employees thought was downsizing in disguise.

According to the agreement, the waiting period is from June 1, 2020 to December 31, 2020. During this period, the company will pay 2480 yuan of living expenses to employees every month. A lot of employees have chosen to sign [the agreement] because the salary has not been settled before, said an employee of Boxun Auto in Shanghai. Another employee also said, its almost half a year since we have no income. We still have to live a small family. Lets find our own way. It is reported that on May 28, boshire automobile held a communication and consultation meeting among staff representatives. The companys senior management said that at present, the investor has started due diligence. In order to ensure that the follow-up investment can support the smooth listing of the first product, the investor required the company to shrink product R & D projects, simplify operating costs and further streamline personnel according to the actual project needs. Source: surging news editor: Wang Xiaowu_ NF

According to the agreement, the waiting period is from June 1, 2020 to December 31, 2020. During this period, the company will pay 2480 yuan of living expenses to employees every month.

It is reported that on May 28, boshire automobile held a communication and consultation meeting among staff representatives. The companys senior management said that at present, the investor has started due diligence. In order to ensure that the follow-up investment can support the smooth listing of the first product, the investor required the company to shrink product R & D projects, simplify operating costs and further streamline personnel according to the actual project needs.