Suntech thrifty employees dissatisfied with the end of year without awards

Suntech Power just had to maintain its average share price of more than US$1 for 30 consecutive trading days. It barely maintains its eligibility for continued listing, yet it is sharply criticized. It claims that the “open letter” from an ordinary employee of the company has disturbed the mind. Restless. In this “Open Letter”, Shi Zhengrong was officially replaced in August 2012. Jin Wei, who has served as the CEO of Suntech, was accused of flying and nepotism.

Due to financial pressure, it is common for PV companies to reduce their expenditures. In this open letter, the “Suntech employees” will not be able to receive 2012 year-end awards and service awards. The company’s domestic market share will decline and the domestic business unit will be integrated into APMEA (Asia Pacific, Middle East and African markets, and other "frustrations, business failures," attributed to the new CEO Jin Wei's inaction, selfishness, and the increasingly fierce fighting within the company.

Since then, Suntech has responded to this "open letter" in a timely manner, but it is clear that "in view of 2012 did not achieve the established performance goals," and therefore "cannot issue annual performance bonuses" at the same time, evaded the CEO of Jin Wei. Questioned answer.

Today, the negative impact of Open Letter on Suntech continues to ferment, and the reporter called Gong Xuejin, vice president of Suntech, and he has never been able to get back.

A person in the photovoltaic industry, who declined to be named, told reporters: “As the year approaches, employees are concerned about the year-end awards. However, due to financial pressure, photovoltaic companies have reduced or even cancelled this expenditure. This is a common phenomenon.”

"Open letter" cited management assistance?

"Suntech's current situation is indeed very dangerous. If this "open letter" is indeed from the Suntech side and expresses the real psychology, it has proved that Suntech and Shi Zhengrong are facing the difficulties of "rebellion"." A photovoltaic company executives Told reporters.

In this “Open Letter”, Shi Zhengrong was officially replaced in August 2012. Jin Wei, who has served as the CEO of Suntech, was accused of flying and nepotism.

What is even more "infuriating" is that "Open Letter" believes that it is because of Jin Wei's series of adjustments to the internal business division of Germany that it eventually became "within one year, the market share in Germany has shrunk from 30% to insufficient. 10% of the disaster. On this basis, it is well-known in the photovoltaic industry that in Europe and the United States are in the harsh market environment in which anti-dumping and anti-subsidy investigations are launched against China's photovoltaic products, as a Chinese private enterprise, the market focus must be shifted to the domestic market.

According to the "open letter", Jin Wei has only allowed the domestic division to ship at a price of 4.1 yuan per watt in the context of the average bid price for domestic large projects below 3.9 yuan/watt, which has prevented domestic sales personnel from accepting orders in disguised form. single. In the end, Jinwei laid off more than 50% of its domestic business units and merged them into the APMEA area. At the same time, it appointed itself as the head of the APMEA area.

Nowadays, under the condition of Suntech's refusal to answer this question, it is difficult for people to make judgments as to whether the content of the "open letter" is true or false.

However, one of the photovoltaic company executives told reporters that “the core issue of Suntech is its up to 570 million U.S. dollars, which is about to expire (March of this year). At this time, it is possible to rescue Suntech’s, and only management. From this point of view, the issues of lay-offs, staff relocation, and local employment mentioned in the 'Open Letter' are plagued by the nerves of the management team. Then, this letter will also promote management to provide 'helping' as soon as possible." .

Cutting expenses into a common phenomenon The “Open Letter” description of Suntech’s layoffs and cancellation of year-end awards not only made people worry about the company’s prospects, but also worried about the future of these employees and even the entire Chinese photovoltaic industry.

A photovoltaic industry insider who declined to be named told reporters that “through the layoffs, the reduction of year-end awards, benefits, and publicity costs, etc., the ultimate goal of 'thriftiness' is a measure that companies usually take. In 2012, The industry's 'winter' is a common phenomenon in the industry."

However, an advertising company that specializes in the field of photovoltaics told reporters that “a small number of cooperative customers did tell us last year that they are cutting publicity costs. Since then, most photovoltaic companies have maintained a cooperative relationship with us. It should be said. They have full confidence in the recovery of the market."

So, will PV companies treat the reduction of publicity expenses differently from the reduction of "year-end bonuses"?

A certain grassroots employee of Hanergy Group told reporters, “I personally changed the department just because I just switched the department, so it is definitely not the same as the “Year-end bonus.” But I also heard that there are no other departments that have issued the “Year-end bonus” plan. "."

An Yingli grass-roots staff told the reporter: “Every month, the 18th is the wage day prescribed by Yingli. On January 18th, I received the wages on time. In 2012, our monthly salary was sent down on the 18th.” .

"As for the year-end awards, we understand that this year should be the same as in previous years. Yingli has stipulated that fewer employees will receive year-end awards for employees under 9 months, and more than 9 months for year-end bonuses." The employee told reporters.

"Suntech's 'debt' has taken the lead and it can no longer represent the industry. However, in fact, 'throttle' is a common phenomenon in the photovoltaic industry. It is only that companies have slightly different ways and methods. It is said that TRW also made 'end of year' as usual. Awards', but they have laid off 2000 managers." A brokerage analyst who declined to be named said.