The walls come tumbling down… Evergrande Real Estate Group’s branches in Chengdu, Chongqing, and Xi’an ordered some of their employees to retain their positions with salaries suspended from Nov.1 up to one year due to severe operational issues. #EvergrandeCrisis

That letter basically says that..

some projects are discontinued/stopped awaiting improvements to the management department, therefore employees in those areas are “layoff” while being pay minimum wages per month according to the labor law for the duration of up to 1 year and if the employee finds an other job during that time, the employee loses the job position and the minimum wages payment.

So a nice way of forcing employees to quit on their own because i don’t think any of those employees can afford to live on that “minimum wages” for up to one year.

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**translation provided by a Chinese ape friend.

Analysis: China’s property woes put prestige global projects in play

h/t  aime344


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