Recently, according to the latest statistics from Taiwan’s “Ministry of Labor” on unpaid leave (reduction of work breaks), the number of implementers increased by 2022 at a stretch, and the cumulative number soared to 28,345, a record high of more than 10 years.

Statistics show that the number of unpaid leave in Changhua County has skyrocketed, which is estimated to be related to Baocheng, a shoe manufacturer, reporting the implementation of unpaid leave.

Global shoemaker Baocheng rejected the government’s initiative to bail out last week and insisted on the implementation of unpaid leave from June 1st, triggering various speculations, but industry sources pointed out that Baocheng Group would rather take unpaid leave. If you don’t apply to the government for bail-out, there are decisions behind you that you have to make. To put it bluntly, it’s just a simple math problem.



According to the official statement: Baocheng Group has more than 10 affiliated companies in Taiwan, and the amount of revenue of various companies reduced due to the impact of the epidemic varies. The relevant conditions for the government to provide manufacturing funds to rescue and revitalize measures are not all in Taiwan. The company can be applied. The Group’s personnel policy promotion should be in accordance with the principles of management consistency and fairness, and the cost-effectiveness of adopting bailout programs and implementing reduced work breaks. The group finally decided not to accept the government bailout, but chose to promote Measures such as salary reductions for senior executives and employees for work and rest breaks.



Baocheng refused to bail out the government. Although there were speculations from all walks of life, to put it bluntly, there was no guarantee that there would be no unpaid leave or layoffs in the future.



Because after applying for loans and interest subsidies, taking care of employees as the first priority, after obtaining financing loans, they must be used to pay employees' salaries first. If they are violated, the subsidies will be recovered.



If Baocheng and the government took up to RMB 300-300 billion (TWD) in bail-out funds, the annual personnel cost of up to RMB 77.6 billion can only be said to be a car salary. Naturally, the government's rescue proposal can be imagined.



Baocheng has already forecasted the future of the industry. The epidemic situation still has major uncertainties on the group's order and sales visibility. It will inevitably affect the follow-up operation performance of this year. The future uncertainty may even lead to the temporary closure of the factory and the further production of Yuyuan's production capacity. Adjustment.

Dapeng adheres to its inner conviction, constantly strives for excellence, always keeping in mind the corporate mission of "down to earth, setting a good example for the industry, and guiding the healthy development of the shoe industry", constantly strengthening internal cultivation, and serving you with a grateful heart! Choosing Dapeng machines is even more powerful! Choosing Dapeng is to choose a practical, responsible and honest equipment supplier!



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