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“require employees to re-sign contracts”? wahaha’s latest response

2024-09-07

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on september 7, wahaha released a statement on weibo, denying that it had "required employees to re-sign their labor contracts."

recently, some media reported that many former and current employees of wahaha group said that because wahaha group recently required employees to re-sign labor contracts and repurchase employee stock ownership shares at a lower price, dozens of employees have initiated class action lawsuits to protect their rights and have entered the judicial process, waiting for the court to formally accept the case.

in a statement, wahaha said that the union had never heard of any information about the "wahaha rights protection committee" and has not received any information about the lawsuit filed by the so-called "wahaha rights protection committee"; according to the union, the internal share repurchase of the employee shareholding association of hangzhou wahaha group co., ltd. was approved by the unanimous resolution of the member representative assembly, and the relevant agreement was voluntarily signed by the members of the shareholding association, which is legal and valid, and there is no situation that harms the members of the shareholding association.

wahaha’s latest statement also mentioned the issue of xiaoshan shunfa’s equity transfer, saying, “according to the trade union, it was a normal change of shareholders of xiaoshan shunfa, the equity transfer was legal and valid, in compliance with relevant laws and regulations, and was reviewed and confirmed by the industrial and commercial department. there was no special reason speculated by the outside world.”

in august this year, hangzhou xiaoshan shunfa food packaging co., ltd. (the "xiaoshan shunfa" in the statement) underwent industrial and commercial changes, and the grassroots trade union joint committee of hangzhou wahaha group co., ltd. withdrew from the ranks of shareholders. the company is now wholly owned by zong fuli. the withdrawal of the grassroots trade union joint committee this time made the outside world wonder whether wahaha was diluting employee shares, because wahaha had similar operations before. in 2018, wahaha began to repurchase employee shares at a price of 1 share: 2.6 yuan. at that time, some people believed that wahaha's repurchase of equity might be in preparation for listing.

recently, zong fuli and wahaha have attracted much attention. not long ago, hangzhou wahaha group co., ltd. underwent industrial and commercial changes, and zong qinghou resigned as the legal representative, chairman and general manager, and was replaced by zong fuli.