The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese Microsoft Employees Reject Buyout Offer As Company Shuts Factories

January 5, 2015
Business | Gadgets & Electronics | Law & Policy

Microsoft announced that they will formally shut down manufacturing plants in Beijing and Dongguan in the first quarter of 2015, which will cost over 1,000 jobs.

Microsoft officially informed employees in the two factories on December 17, 2014, and the company plans to complete the adjustment in the first quarter of 2015.

Compensation plan provided by Microsoft is "N+2" and year-end awards. N equals to the years of service in the two factories. Employees from the two factories revealed that Microsoft asked them to sign the agreement by January 6, 2015. If the employees do not accept the agreement, Microsoft will unilaterally terminate the labor contract and pay compensation based on legal standards.

Many employees reportedly cannot accept the compensation plan and are implementing negotiations with Microsoft. However, their demand for more compensation has not yet received any response.

In July 2014, Microsoft announced a global layoff plan, which aimed to cut 18,000 employees worldwide and about 12,500 of them were from device and service departments of Nokia. In August 2014, about 1,500 research and development staff who worked for Nokia Beijing left the company.

Tags: Beijing | Dongguan | factory | human resources | labor arbitration | labor law | layoff | manufacturing | Microsoft | Nokia

Other Related News:

Suning's Retail Electronics Business In Japan Declined

March 23, 2011

Washington Needs a Better Message in Africa Than ‘Don’t Trust China’

November 30, 2021

Global Quick Service Restaurant (QSR) IT Market SWOT Analysis, By Top Vendor- NCR Corporation Verifone Systems Inc Cognizant PAR Technology Corporation NEC Display Solutions of America, Inc. LG Panasonic Corporation Oracle Corporation Delphi Display Systems, Inc HM Electronics, Inc. Revel Systems PAX Technology SZZT Electronics Shenzhen Xinguodu

October 23, 2021

Pinduoduo Inc. (NASDAQ:PDD) Position Reduced by CloudAlpha Capital Management Limited Hong Kong

October 6, 2021

Ingenico Integrates Seamless Payment Capability in Shangri-La’s Next-Generation Mobile App

January 30, 2018

Mediolanum leads Italian investors in Ferretti’s Hong Kong IPO-source

March 31, 2022

OKI Expands Chinese Software Abilities In Dalian

November 21, 2008

Intel Officials Warn of Surprise Attack on U.S. From China

November 18, 2021

Axa S.A. Buys 69,910 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Observer

February 8, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....