Indebted seafood company lays off employees indefinitely

05-Apr-2012 Intellasia | Tuoi Tre | 7:01 AM Print This Post

Binh An Seafood JSC, or Bianfishco, yesterday told its 2,400 workforce that their layoff has been extended indefinitely, according to Huynh Van Tuan, chair of the labour union of the Can Tho export-processing zones and industrial parks.

The beleaguered seafood company with an outstanding debt of $61 million has three times extended their employees’ layoff since last month, each time with a promise to call them back to work within 2 weeks, said Tuan.

On March 5, Bianfishco workers were told to stop working for a week due to a shortage of raw materials. However, when the workers returned on March 12, they were asked to wait for seven more days.

When the day came, they were once again asked to wait until Aril 2, as the company was overhauling the machinery and streamlining its personnel in preparation for a new salmon-processing contract, said Tuan.

“For this latest announcement, as in the previous ones, the company said it would pay their labourers 70 percent of their basic wages,” he added.

“The decrease in wages has led many workers to seek other jobs.”

 


Category: Business

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