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Geely asked employees to automatically reduce wages or bonuses Yang Xueliang: rumors of a pay cut are not true

2024-11-22 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)05/15 Report--

An application for a voluntary pay cut from Geely Motor has been circulated on the Internet today. According to the application, 2019 is a key year for Geely to move towards 2 million vehicles, and in a situation where the overall market of the automobile industry is facing great challenges, Geely employees need to voluntarily apply for a reduction in wages and year-end bonuses as operating sharing bonuses. The wage adjustment period is from May 2019 to January 2020. After the completion of the reduction plan, wages will return to normal.

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Subsequently, Yang Xueliang, vice president of Geely Automobile Group, said on Weibo on the 15th that Geely's operating indicators were good and there was no so-called salary cut. Geely Motor officially launched its 2019 salary adjustment in May, and the salary of outstanding employees can increase by up to 30%.

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