17-05-2023, 04:21 PM
![](https://i.imgur.com/CLvY2jA.png")
china bank staff on strike after 75% pay cut
17-05-2023, 04:25 PM
This Youtube channel specialised in creating and posting LIES and FAKE NEWS about China!
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17-05-2023, 04:28 PM
Can cut pay by 75% ah? .......... 
Thinking is difficult, that's why most people judge
Carl Jung
17-05-2023, 04:28 PM
17-05-2023, 04:52 PM
17-05-2023, 05:37 PM
The bank also confirmed the pay cut mentioned in the WeChat post, adding that the sharp cut in salary was implemented because the employee in question had failed to pass a performance review. The employee had accepted the adjusted pay after communication by the bank’s wealth-management subsidiary
17-05-2023, 05:43 PM
Have to be quite careful with news on youtube. Not saying that all are fake but some are simply exaggerating the situation without understanding it, or others could be intentional distortion of truth.
There was once a youtube showing many Chinese putting up tents outside and then implying that they were homeless cos of the bad economy. In the end, the truth is that these people are camping.
There was once a youtube showing many Chinese putting up tents outside and then implying that they were homeless cos of the bad economy. In the end, the truth is that these people are camping.
17-05-2023, 05:45 PM
(17-05-2023, 05:37 PM)Migrant Wrote: The bank also confirmed the pay cut mentioned in the WeChat post, adding that the sharp cut in salary was implemented because the employee in question had failed to pass a performance review. The employee had accepted the adjusted pay after communication by the bank’s wealth-management subsidiary
Just one employee? At first I thought was across the board. They are too nice to him. For American company will just get the sacking.
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
17-05-2023, 06:16 PM
So much salary cut how to stay ?
As a dog returns to its vomit, so fools repeat their folly
18-05-2023, 08:00 AM
Use backside to think. Possible to pay cut 75% and still expect staff to work? If staff still stay mean he still he still earn with a 25% pay.
1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..
18-05-2023, 08:07 AM
Maybe just one get cut and make hell of the noise
18-05-2023, 08:46 AM
What the photos show are actually 2 separate incidents.
The first incident is minor as it involved only ONE employee and has been resolved.
The second and bigger incident is at SPD Bank (浦发银行). The incident has been mostly resolved. Out of the 700 workers involved, only 100 have not agreed to terms yet.
https://finance.sina.com.cn/money/bank/g...4264.shtml
The first incident is minor as it involved only ONE employee and has been resolved.
The second and bigger incident is at SPD Bank (浦发银行). The incident has been mostly resolved. Out of the 700 workers involved, only 100 have not agreed to terms yet.
https://finance.sina.com.cn/money/bank/g...4264.shtml
18-05-2023, 08:47 AM
(18-05-2023, 08:46 AM)Levin Wrote: What the photos show are actually 2 separate incidents.
The first incident is minor as it involved only ONE employee and has been resolved.
The second and bigger incident is at SPD Bank (浦发银行). The incident has been mostly resolved. Out of the 700 workers involved, only 100 have not agreed to terms yet.
https://finance.sina.com.cn/money/bank/g...4264.shtml
Google translated version of the above news report:
On May 11 , Shanghai Pudong Development Bank(7.610, -0.06, -0.78%)7.610 , -0.06 , -0.78% ) triggered heated discussions among employees who swiped their screens on social networks due to "salary cuts " .
In this regard , Shanghai Pudong Development Bank stated to Jiemian News that the pictures posted online were two separate incidents. First, the salary reduction of an employee of the Netcom subsidiary was due to his poor performance appraisal. After communication, the employee has expressed his understanding of the above adjustment. Second, the picture of the collective incident posted on the Internet was caused by a labor dispute between a business outsourcing company and its employees, and the outsourcing company is currently communicating with the employees to resolve it.
According to Jiemian News , the first incident started when an employee of SPDB wealth management signed a signature , claiming that his monthly salary had dropped to 6,000 , which was far below his personal value , and he claimed to be on strike to protest. Internet pictures showed that the employee also posted related protests on his workstation .
The second incident was a labor dispute related to outsourced employees of Shanghai Pudong Development Bank's credit card center .
On the afternoon of the same day , a reporter from Jiemian News came to the Shanghai Branch of Shanghai Pudong Development Bank and learned that these employees claimed to be employees of the direct sales department of the credit card center of Shanghai Pudong Development Bank . Since someone was forced to lay off staff yesterday , a collective protest was triggered .
According to reports, the Shanghai Branch of Shanghai Pudong Development Bank and the credit card center work together in Pufa Building.
Jiemian News reporters obtained a screenshot of a layoff notice showing that an employee was notified that his labor contract had been terminated due to a serious violation of the employer’s rules and regulations . The last working day was May 10 . The name of the company is Shanghai Foreign Service Jiepu Enterprise Management Co., Ltd.
Jiemian News learned from the industry that the credit card center of Shanghai Pudong Development Bank will implement the reform of the local promotion team at the end of 2022 , requiring outsourced personnel to sign contracts . " The original form of outsourcing is based on people . As much as Pudong develops , how much is transferred to individuals , which is equivalent to labor dispatch . Now the outsourcing company is based on pure performance evaluation . Employees have nothing to do with Pudong . The money has arrived. The outsourcing company has to share it with the outsourcing company . ” According to the source , under the current industry situation , the income level of employees will decline accordingly .
According to the source , there are about 700 people who need to re-sign the contract , and there are still about 100 people who have not accepted the conditions .
18-05-2023, 09:34 AM
It is just employees/employer wage dispute.
It is not like bank crisis in US, mass withdrawal of deposits and savings from public.
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It is not like bank crisis in US, mass withdrawal of deposits and savings from public.
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18-05-2023, 09:38 AM
无法无天...our gov must and need to take note of such incidents and take precautionary measure here..SPF must do more patrol around china infested areas here..
18-05-2023, 09:41 AM
18-05-2023, 09:43 AM
I still remember someone in this forum posted twitter video of Bank of China collapse
18-05-2023, 09:50 AM
18-05-2023, 10:13 AM
Small and unimportant news of employer and labor dispute in China.
Not bank run crisis as in UAss.
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Not bank run crisis as in UAss.
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18-05-2023, 10:29 AM
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