The Biggest Wage Reduction In The History Of The Island'S Textile Industry

The large textile group has a monthly salary cut. It has been the chairman of the chemical fiber factory, the new fiber company, the fake twist factory, the consistent nylon factory, the nylon drawnwork factory and so on.

The last wave of textile industry slump was at the end of 2001. Major groups such as far spinning, Nanfang spinning, Hualong, China spinning and so on had also offered wage reduction measures, but most of the time they had reduced production or performance bonuses, which was the full pay of employees.

      遠(yuǎn)紡幅度至少10%                                                                     

The leading textile fiber factory has not actually joined the pay cuts, and will discuss the proposal.

In the last recession, far spinning has cut wages by 20% for a year. With the boom in the economy, the performance has improved, and the staff salaries have been reduced.

      集盛40年來首次

Including new fiber, Ji Sheng and Yi Jin as early as December last year began to reduce wages.

Since January, the overall performance has not improved, and the downstream demand is still weak. The total salary reduction will increase by 10%.

Ji Sheng is the first time to reduce wages in 40 years, cutting 5% salaries from the most basic production line and administrative staff to the highest salary reduction of 20%.

In the past, Ji Sheng had never lost money. Three years ago, caprolactam (CPL) plummeted. Ji Sheng had eaten a lot of losses in inventory price loss, but soon the raw materials returned to heat, and profits immediately rebounded.

Ji Sheng said, "many companies are laying off workers. We don't want to do this."

Yi Jin started a pay cut from the end of November last year. The chairman took the lead by 30%, and the general administrative staff was about 4%.

Editor: vivi