Feng Bamboo Is In Labor Dispute &Nbsp, And Its Subsidiary Is Closed.

Today, Feng Zhu textile 600493.SH announced that the company's wholly owned subsidiary, Shandong Yutai Phoenix Bamboo Textile Co., Ltd. (hereinafter referred to as "Yutai company") suspended production and operation due to industrial disputes.

Feng Zhu textile said that the leadership of the company attaches great importance to it. A special task force has been set up to deal with related matters actively and safely.

The company will disclose information on the progress of the above events in a timely manner.

Feng Bamboo textile is mainly composed of knitted fabrics, cotton spinning, dyeing and finishing, cheese coloured yarn production and environmental protection facilities operation. Its registered capital is 170 million yuan, and its total assets are 1 billion 367 million yuan. It has weaving factories, dyed cotton mills, bleaching and dyeing factories, sewage treatment plants and 2 cotton spinning subsidiaries.

According to the audit report of Fujian Huaxing accounting firm, Fujian Huaxing, the net profit of Yutai company in 2010 was 2869733.11 yuan (accounting for 3.07% of the net profit of the company's consolidated statement of 93572919.23 yuan), and its net assets amounted to 50075766.84 yuan (accounting for 7.92% of the net assets of the company's consolidated statements 632389426.62 yuan).

Previously, Feng Zhu textile has always advocated harmonious relations with workers in the announcement. However, this labor dispute has broken the harmonious image of Phoenix Bamboo textile.

In the 2010 annual report on social responsibility, Feng Zhu textile wrote: in the aspect of employee remuneration, the performance management method is adopted in the marketing department, and the performance management plan of factory workers is optimized and integrated.

In 2010, the per capita salary of employees increased by about 14% over 2009.

stay

Phoenix Bamboo textile 2010 annual report shows that the total number of employees in the company is 2874, and the cash paid by the company to employees and employees is 77 million 830 thousand yuan, an increase of nearly 7 million yuan over the 70 million 890 thousand yuan in the same period last year.

Although Feng Bamboo textile indicated no pay arrears, data showed that in 2010, the company paid 15 million 260 thousand yuan for employees, up 37.92% from 11 million 60 thousand yuan in the same period last year.

Feng Bamboo textile said that the salary payable for the employees increased by 37.92% over the same period last year, mainly due to the expansion of the current sales scale, and the increase in profits over the previous year.

At the same time, Feng Zhu textile also announced in the announcement that on the one hand, the company has five social insurance for employees, including pension, medical treatment, unemployment, work-related injury, and childbirth.

On the other hand, the company invested a lot of money to improve the living and entertainment environment of employees.

In addition, the company also organizes staff for internal training.

Feng Bamboo textile did not make much mention of the labor dispute. It only announced that the production and operation of Yutai company had no effect on the production and operation of the company.

Feng Zhu textile is in a labor dispute subsidiary company.