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zong fuli attended wahaha's first staff representative meeting after taking over: stock dividends will not be cancelled, and the salary structure has not changed

2024-09-19

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according to the paper, on september 18, wahaha held the sixth meeting of the eighth session of the employees’ congress.this meeting is also the first staff representative meeting after zong fuli officially took over as chairman

according to jiemian news, in response to recent rumors that wahaha will cancel dividends and reduce salaries, zong fuli stated at a worker representative meeting that wahaha's stock dividends will not be canceled this year and the salary structure will not change.however, the bonus will be based on individual job performance, not just on past qualifications or levels.

however, zong fuli's response also triggered concerns and doubts among some employees. some old employees are worried that their qualifications and levels will no longer have an advantage under the new allocation mechanism, while new employees are worried that it will be difficult for them to meet the high job performance requirements in a short period of time. in response, zong fuli said that the company will fully consider the actual situation and demands of employees during the implementation process, and adopt reasonable transition measures and compensation plans to ensure the smooth implementation of the reform and the stability of employees.

in early september this year, media reported that several former employees and internal staff of wahaha group broke the news that wahaha group recently asked employees to re-sign labor contracts and buy back the shares of the employee stock ownership association at a lower price. some employees believed that after the labor contract was changed, the "dry stock dividend" treatment enjoyed by employees in wahaha group was completely cancelled, and they were worried that their future income could not be guaranteed, which caused controversy.

at noon on september 7, wahaha’s official weibo account released a statement in response to reports that it “required employees to re-sign their labor contracts.” it said the above reports were seriously untrue and had caused great damage to the reputation of the hangzhou wahaha group co., ltd. trade union federation committee (hereinafter referred to as the “trade union”).

wahaha said that the union had never heard of any information about the "wahaha rights protection committee" and that it had not received any information about any lawsuit filed by the so-called "wahaha rights protection committee."

according to the trade 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 conference. the relevant agreement was voluntarily signed by the members of the shareholding association and is legal and valid. there is no situation that harms the members of the shareholding association.

regarding the equity transfer of xiaoshan shunfa, the trade union learned that it was a normal shareholder change of xiaoshan shunfa, and the equity transfer was legal and valid, in compliance with relevant laws and regulations, and was reviewed and confirmed by the industrial and commercial authorities. there was no special reason speculated by the outside world. wahaha said that the management and work order of the trade union are currently normal.

according to chao news, after reaching its peak in 2013, wahaha's operating performance has been under great pressure in the following years. in addition to the reasons such as the change of products and consumer demand, the "big pot" within the company is also an important factor. a wahaha employee born in the 1990s once expressed such confusion: "even if i devote myself to work, the compensation i get is not as much as the year-end bonus of a colleague with more seniority. this makes me feel unfair, and over time i lose the motivation to compete for the first place."

against this backdrop, wahaha made the important decision to repurchase shares from its employees six years ago. in the same year, zong fuli officially joined wahaha as the head of the brand public relations department, launching a drastic brand renewal. with the implementation of a series of innovative measures, wahaha's performance has gradually recovered, and in 2021 the company's revenue has achieved the largest increase since 2013.

at the employee representative meeting on the 18th, she awarded 6 employees from different departments the "brave to pioneering award", with each person receiving a cash reward of 10,000 yuan. in addition to the cash reward, this wahaha employee representative meeting also distributed the "qiu tao public rental housing management system (draft for comments)" to employees for discussion for the first time, and put the implementation of talent apartments on the agenda in the form of opinion solicitation.

"i hope that the relationship between you and me is not just a simple boss-employee relationship, but rather we are fellow travelers. we are a group of like-minded dreamers. we hold the same beliefs and are on a challenging and hopeful journey to bring new vitality to wahaha," said zong fuli.

data disclosed by wahaha group at the 2023 annual commendation conference on january 29 showed that wahaha's performance in 2023 was about 50 billion yuan, achieving double growth in revenue and profit. compared with wahaha's sales of 51.2 billion yuan in 2022 and 51.9 billion yuan in 2021, this result did not increase but slightly declined. nongfu spring and master kong beverages had turnover of 42.6 billion yuan and 50.9 billion yuan in 2023, respectively, up 28% and 5% year-on-year, respectively. in particular, master kong beverages has surpassed wahaha in sales volume.

at present, wahaha has accelerated the speed of launching new products and its meticulous approach to channels. on august 30, wahaha’s official website released a “refrigerator maintenance and market launch demand bidding announcement”, involving the maintenance of 61,735 refrigerators of different years and the bidding of 100,000 smart refrigerators.