The Market Is Ruthless: There Are Such Things In The World. Why Do Employees Voluntarily Reduce Wages?

The world is so great that some time ago, the Geely employees voluntarily reduced their wages. The Geely finally responded to the rumors of a pay cut in May 15th. Let's take a look at this twists and turns.

In the afternoon of May 15th, Yang Xueliang, vice president of Geely Automobile Group, made a statement on micro-blog's "pay reduction" incident, saying that there was no "reduction in salary".

The company only started the salary adjustment work in 2019 in May, and the staff remuneration growth could reach 30%. 8 staff members and staff members voluntarily joined the business result and shared the incentive mechanism.

With the time line further moving forward, through a WeChat chat screenshot, we can see that in order to clear up 5 of the inventory, Geely will require 8 posts with administrative duties per person, 01 per person, 20 thousand in advance, and the rest being deducted from wages.

However, this is not the welfare of the internal employees. It is understood that the discount offered is only 15 thousand yuan cheaper than the market price, and there is no sincerity whatsoever.

In addition to this, Geely was also exposed to negative requests from employees requisition to voluntarily fill in the application for the reduction of wages and year-end bonuses. The time limit was May 2019 to January 2020, and the salary was restored to normal after the completion of the business share reduction plan.

The exposure of this incident made Geely more angry.

So how did Yang Xueliang, vice president of Geely Automobile Group, respond to micro-blog?

The officers continued to look down.

Yang Xueliang explains this, Geely Automobile advocates the inclination of remuneration to the struggling, tilting to the important front-line core units such as manufacturing, R & D, sales and so on, and tilting to the excellent performance units and employees.

In fact, judging from the current prosperity of the domestic auto industry and the information released by the company recently, sales announcements and executives' recent actions, the future sales and performance prospects of Geely Automobile are also worrying.

According to the April sales data released by Geely motor in May 8th, the company shipped 104 thousand units in the month, a 17% decline in March compared with March, down 19% from the same period last year, much higher than the 9% decline in the previous four months.

This shows that sales of Geely Automobile are not only declining but accelerating.

According to the published earnings report, it inevitably impacted the company's share price.

After the concentrated reduction of executive officers, the price of Geely Automobile has dropped by more than 20% in less than a month.

As a sales champion of the domestic independent brand, with the market downturn, Geely Automobile faces a lot of pressure.

Now whether Geely can reverse the decline and kill the encirclement, the market will give the answer.