To Settle The Controversy Yuyuan Footwear Group Increased About $100 Million To Remain In Office.

"P" here, the world "a target=" _blank "href=" //www.sjfzxm.com/ "> clothing < /a > a target= '_blank" href= "//www.sjfzxm.com/" > shoes "cap net" to introduce to you that Yuyuan shoe industry group added about 100 million US dollars to retain staff.

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00551.HK, which is p, Adidas (Adidas store) and Nike (Nike store), announced today that the company plans to spend $99 million to improve its employees' subsistence allowance and benefits.

In the first half of the year, Yuyuan group's performance is expected to be greatly affected by the shutdown of the factory in Guangdong, /p.

< p > in April of this year, a large number of < a href= "//www.sjfzxm.com/news/index_c.asp" > employee /a > stop time occurred in Yuyuan group Gao Gao factory area, protesting that the company did not fully buy social security for its employees.

The loss caused by the suspension operation of Gao Gao shoe factory was 27 million USD. In order to quell the controversy, Yuyuan group has set aside 37 million US dollars for the provision of the welfare allowance for the shoe factory, and has increased the living allowance for the employees of the Gao shoe factory for 31 million dollars.

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The P Gao Gao incident triggered a chain reaction of other factories. Yuyuan group announced that it would make additional provision of $53 million for other factory employees' welfare benefits and increase the allowance of $46 million to other factory employees.

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< p > Yuyuan group said that the estimated cost and expenditure of about $112 million will be reflected in the company's performance in the first half of June 30th this year, and the company's performance will be seriously negatively affected.

As of March 31st this year, the a href= "//www.sjfzxm.com/news/index_s.asp" > Yu Yuan /a > group's unaudited comprehensive profit margin of the first quarter of this year was about $70 million 200 thousand, which could only partially hedge the additional $112 million in expenditure.

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