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XTEP Guangzhou Company Moves Back To Old Accounts, It Is Not Fresh, Employees Pay For Inventory.

2013/4/19 10:00:00 37

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"the company (XTEP) still owes us 1 million 500 thousand yuan in overtime and 1 million 800 thousand yuan in social security premiums, and now it is said that the branch will withdraw to Xiamen and will not make it clear. "Yesterday, several employees who worked for many years in XTEP a href=" http://www.91se91.com/news/index_p.asp "Guangzhou < /a" branch told reporters exclusively, "the company's practice has made our old staff chill." < .
 the company moves back to old accounts unclear? 
 > "the company is a naked labor force". In the interview, the staff of XTEP Guangzhou branch said they had to work at least 10 hours a day in addition to working overtime. These employees are not in the production line, but belong to XTEP clothing Commodity R & D system, including the development department, material department, technology department, design department and so on. But they all said they had never received overtime pay. 
 now, there are only empty tables and chairs in the clothing research and Development Department of the 19 floor of Guangzhou Guang Ken business building. "Computers have been moved away by the company. We are going to work at the ceiling. The company just wants us to wait for us to leave." Amin, the employee, said, "it is a disguised job. < .
 people familiar with the matter said that XTEP Guangzhou branch began to move in February 20th this year. At that time, 40 employees said they could not move with the company for personal reasons. They hoped that the company would pay the debts and give corresponding compensation plans, but they had not received any reply. "When a part of the employee contracts expired, the company threatened and decoy them to sign the agreement. At present, there are still 24 people waiting for the company to reply here. We have invited a lawyer and are now preparing for labor arbitration. < .
 employee Gon Freecss took out the agreement that the company requested them to give to reporters. The third article in the agreement stated: "a party and B confirm that as of the date of termination of the labor contract between the two parties, there is no other unsolvency obligation other than the obligations under this agreement. It is irrevocable to renounce all claims and litigation rights against the other party based on the labor relations between the two parties, such as loans or other deductions, and liquidation when leaving office. "And the employees said that the amount of compensation awarded by the company was less than 1/2 of the company's compensation. 
 new employees pay for inventory. 
 XTEP 2012 annual report shows that as of December 31, 2012, XTEP's inventory decreased by 88 million 800 thousand yuan compared with that of the previous year, but it still stands as high as 580 million yuan. The recent announcement shows that the order volume of XTEP in the third quarter of 2013 has dropped by about 20% after the 15%-20% decline in orders in the first quarter. The situation is not optimistic. 
 XTEP chief financial officer, "a href=" http://www.91se91.com/pioneer/ "Ho Rubo" /a, said XTEP closed 80 -100 stores last year, and this year it plans to close another 100 -200 houses. 
 "for our employees, we feel that the company is dying. We all know that the whole sports brand market is not good now. We can all understand it, but the company has shifted the stock pressure onto its employees. "Miss Yang said that XTEP Guangzhou branch had sent two sportswear to its employees, saying it was" work clothes "and forced to deduct the clothing expenses directly from the staff salaries. 
 "we can not hide anyone from our clothing research and development department. We know most about the overdue inventory. "Miss Yang said that under the collective protest of the employees, the company only received the" labor service fee "for the new employees. 
 XTEP responds .
 "Guangzhou's affairs are specially handled" /p >
 reporter then telephoned Wang Zhiyu, director of XTEP international human resources, and said: "we are a listed company. Now that they have already sought a lawyer, they intend to take the legal way, so we will solve it through the formal legal channels. "Wang Zhiyu told the Yangcheng Evening News reporter that at present, most employees have" understood "the company and reached an agreement. 
 does unclear old accounts mean cash flow is insufficient? What channels will be used to further clean up inventory? Does the withdrawal of Guangzhou branch mean that the business dilemma is deepened? For these business problems, the reporter was told that he should call the brand department for consultation, and then the reporter would dial several times according to the phone he provided, which was not hung up or was in the state of no answer. 
 then the reporter called Cai Huiting, chief executive officer of XTEP company, and he responded: "we have someone in Guangzhou dealing with the matter, I am not very clear. "Then hung up the phone on the grounds that it was not convenient. 
 industry background /p >
 domestic sports brand collectively occupied /p >
 last year, domestic sports brands handed over their spancripts. According to the 2012 earnings report of sports brand listed companies, Li Ning Co reported losses of nearly 2 billion yuan, Anta's net profit fell by 21.5% compared to the same period last year, XTEP's net profit decreased by 16.18%, PEAK's net profit of sports decreased by 60.1%, and net profit of 331% decreased by 37%. 
In the early morning of April 8th, Lining launched a 48 hour limited time sale campaign on the van net, selling shoes and clothes for 19 yuan, and the sports brand's < a href= "http://www.91se91.com/news/index_h.asp" > high inventory < /a > the problem again aroused the concern of the industry in April 8th. Now sports goods have entered a stage of "no discount, no sales." Nowadays, the major sports Brand Company are actively adjusting their strategies in order to get through the "cold winter".