Shandong Sulang Listed Has Bruising: Arrears Of Employee Social Insurance And Provident Fund.

Shandong sulang clothing and accessories Limited by Share Ltd (hereinafter referred to as "hereinafter referred to as")

Years of arrears of workers' social insurance and provident fund

Shandong sulang was founded in 1999. Since then, it has been violating laws and regulations for nearly 10 years and has refused to pay social insurance and provident fund for most workers.

In 2010, in order to be listed, the company paid a part of the assault.

"11 years after the establishment of the company, 10 years have not been paid to the employees.

Many employees of Shandong Shu Lang told reporters that the company's long-term arrears of workers' social security have recently made up a part of it, but the previously defaulted provident fund has not been supplementing. Massive, long time refusal to pay social security and provident fund has made Shandong Shu long a headache in Shandong Yantai.

A staff member of the Yantai labor supervision department who did not want to be named confirmed to reporters that for many years before 2010, Shandong did not pay social insurance and provident fund for most workers according to the regulations, involving about 1000 people, accounting for more than 80% of its total number of employees, which has been reported many times before.

In order to successfully launch the stock market, the company has paid nearly 3 years of social insurance and has not yet been punished.

The company admits that it may be punished in the future

In this regard, Shandong Shu Lang admitted in the prospectus, so many years ago did not comply with the provisions of social insurance and provident fund, in the future may be punished.

"Where did you get the news?" in April 17th, according to the public telephone call released by Shandong Shu Lang, a reporter asked Miss Zhang about this, but she still admitted that "there was a case of social insurance and provident fund in the past."

In the first prospectus of Shandong sulang clothing and apparel Limited by Share Ltd (Draft), Shandong Shu Lang admitted that there was a delay in paying social insurance premiums.

By the end of 2010, the company had handled social insurance for its employees in accordance with the regulations.

In view of the company's failure to pay social insurance promptly, the company's actual controller Wu Jianmin and Mou Cailian issued a letter of commitment: "if a joint stock company is punished by the administrative department, we will assume all responsibilities and risks to ensure that the joint-stock company will not suffer any economic losses."

Similarly, in the first prospectus of Shandong sulang clothing and apparel Limited by Share Ltd (Draft), Shandong Shu Lang also admitted that the company did not implement the housing provident fund system until May 2010.

Since May 2010, the company has established a housing provident fund account for all the employees in accordance with the relevant regulations of the state and the local authorities.

In view of the fact that the company did not deposit the housing provident fund for employees before May 2010, the company's actual controller Wu Jianmin and Mu Cai Lian issued a letter of commitment: "if a joint stock company is required to pay for its employees or recover the housing provident fund before May 2010, we will bear the loss of the part paid and recovered in full, so as to ensure that the joint-stock company is not subjected to any economic losses."

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Experts believe that the company is suspected of major labor violations.

The labor law of the People's Republic of China stipulates that employers and workers must participate in social insurance according to law and pay social insurance premiums.

The Interim Regulations on the collection of social insurance premiums stipulate that the payment units and payment individuals shall pay social insurance premiums in time and in full. If the payment units fail to pay social insurance premium or late fees, the labor security administrative departments or tax authorities shall apply to the people's court for compulsory collection according to law.

The labor security supervision regulation stipulates that when the employer declares the amount of social insurance premiums payable to the social insurance agency, if it conceals the total wage or the number of employees, the labor and social security administrative department shall order correction, and shall also report a fine of 1 times or more than 3 times the amount of wages.

"Housing provident fund management Ordinance" stipulates that units should pay housing provident fund for workers.

Xu Zhenbin, director of the compensation design center of the national development and Reform Commission's Economic Research Institute, said that in the nearly 10 years since its establishment, Shandong Shu Lang has refused to pay social insurance and provident fund for most employees, which is suspected of a major labor violation.

The CSRC stipulates that the listing of Limited by Share Ltd's stock must conform to the fact that the company has not committed any major violations in the past three years.

Xu Zhenbin said that the case of Shandong Shu Lang was suspected of a major labor law violation, which seriously infringed the legitimate rights and interests of many workers.