According to a report from Taiwan Economic Daily: Shoe giant Baocheng Group has made the latest changes in its implementation of unpaid leave.
Baocheng will reduce the six days off per month requirement for Taiwanese employees to Within four days, overseas Taiwanese cadres also returned to work as normal and no longer took unpaid leave. The industry believed that this move meant that the footwear industry’s order intake in the fourth quarter had gradually stabilized.
However, the 10% to 30% salary reduction requirement for senior executives at the deputy general level and above of Baocheng Group, including group CEO Cai Peijun and others, is still implemented.
It is understood that since employees must declare unpaid leave every three months, Bao Cheng has implemented unpaid leave since June, and the second wave of applications will be implemented from September. Employees have recently begun to require employees to refill forms, and applications are expected to be submitted to the Taichung City Government in the near future. Employees were also quite happy to learn that unpaid leave would be reduced.
The new unpaid leave plan includes that all employees in Taiwan will take four days off per month, and can choose between special leave or overtime rest; overseas Taiwanese cadres will cooperate In order to meet the needs of production management in the local factory, normal work has resumed and unpaid leave will no longer be implemented; the number of affected employees has also been reduced from more than 5,300 to more than 3,700.
The COVID-19 epidemic has slowed down, and countries are gradually unblocking. As NBA games resume in August, consumer market confidence has also recovered; currently, the three major shoe manufacturers, Baocheng and Fengtai Ji Yuqi still has a conservative view on the third quarter, but the legal person believes that the dawn of economic recovery can be seen as soon as the fourth quarter.
The market believes that the inventory adjustment of brand customers in the third quarter is over, and a wave of goods purchases is expected in the fourth quarter, and it will take about two to three months for OEMs to Shipments and revenue are recognized, so the outlook for the footwear industry is that operations are expected to pick up as soon as the fourth quarter.
Baocheng’s internal manager also revealed that orders have indeed picked up in the recent fourth quarter, and shipments from overseas production bases have gradually returned to normal.
Previously, Baocheng had required employees to sign a “leave consent form”:
It is understood that Baocheng has been At the beginning, we successively communicated with employees, and held briefing sessions at the Changhua plant and the Pucheng headquarters building in Taichung. Pucheng employees recently revealed that the human resources director came forward at the meeting and handed each person a “Vacation Agreement”, and the briefing session was held. It lasts about an hour and everyone must sign and return a consent form at the end.
Baocheng Vacation Agreement Exposed
Dear Partner:
The COVID-19 epidemic broke out in many places around the world and spread rapidly, which has greatly impacted the company’s revenue. The company’s overall operating conditions are increasingly affected by the global epidemic. At the same time, it is necessary to respond to the epidemic. To cope with the risks and uncertainties ahead, companies must launch contingency plans and strictly control costs to reduce operating costs and effectively preserve subsequent human resources. Special-purpose leave and overtime rest are relatively mild human resources adjustment measures. From now on, employees are encouraged to apply for special-purpose leave or overtime rest based on their own epidemic prevention, care, rest and recharge, or other personal needs. The company looks forward to working with employees to tide over the economic difficulties.
After consensus and negotiation between both parties, this leave agreement is signed to jointly abide by and perform:
Project personal leave: expected implementation period From June 1, 2020 to December 31, 2020, it is agreed to take xx days of project personal leave. The relevant management principles (including salary calculation) shall be handled in accordance with the current standards.
Off-duty rest: It is expected that the implementation period will be from June 1, 2020 to December 31, 2020. It is agreed that overtime rest days will be counted as XX days per month, as per The salary will be reduced in proportion to the reduced working hours, and other relevant management principles will be handled in accordance with the current personal leave regulations. A separate “Agreement on Reduction of Working Hours through Negotiation between the Labor Parties” will be signed later.
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At that time, Baocheng pointed out that whether it was project leave Or overtime breaks, which will be implemented from June to the end of December for a period of 7 months. Senior managers above the deputy general level can take 6 days off per month, and production line and grassroots employees can take 4 days off per month.
This time, Baocheng’s measures such as reducing vacation time in advance and resuming work for cadres may imply that the market recovery is faster than previously expected. </p
