China's Former Richest Man Owes His Employees Months of PayGOME Electrical Appliances, a household appliance retail giant in China, used to be an industry legend. At the end of 2021, it had 4,195 stores in operation in China. However, things have changed and its current financial situation is shaky.
Nearly 100 employees blocked GOME’s headquarters in Beijing on the evening of Dec. 6 to demand the company’s founder Huang Guangyu pay them the salaries earned. A number of employees and Huang’s security guards clashed physically, according to China’s news portal Phoenix.com.
The report said that more than 20 representatives of the employees met with Wei Qiuli, vice president of GOME Electrical Group, and demanded the salaries that were not paid from September to November, as well as half-yearly bonuses and performance bonuses that were owed. But Wei complained that the company had long informed its employees that it was unable to pay salaries from June to December, and sent a letter of commitment to employees, whoever was willing to stay shall sign, and those who cannot accept the delayed salaries would go through a settlement procedure according to the labor laws....
Source: China's Former Richest Man Owes His Employees Months of Pay (https://www.theepochtimes.com/chinas-former-richest-man-owes-his-employees-months-of-pay_4920342.html)