Sigh, Jinke employees were pitted by Mr. Huang badly

Mondo Social Updated on 2024-01-30

Recently, some employees of Jinke Co., Ltd. broke the news that Mr. Huang had called on employees to raise funds to keep the company's chassis for the absolute control of Jinke in the early days. However, when it was time to repay the money, Mr. Huang did not move, and the hard-earned money of the employees seemed to be going down the drain. This is similar to the strategies of many real estate company owners who transfer assets, divorce, and debt restructuring before the crash, and they do not care about the lives of their employees. Mr. Huang advocated a "family culture" within the company and retained actual control of Jinke by allowing employees to contribute. However, the employees' investments were at risk of non-payment, and Jinke also postponed the planned payment by rolling over the period. This makes the employees feel that they have been cheated enough.

According to the feedback of former employees of Jinke, the whole incident originated in 2018, when Mr. Huang advocated a "family culture" within the company, aiming to snipe at opponents outside the company and defend Jinke. In order to achieve this goal, Mr. Huang asked his employees to raise funds and hand them over to the company, which then increased their stake through a third-party company to retain his control of the company. At that time, at the mobilization meeting, Mr. Huang promised that no matter how the stock price moves, he can at least guarantee employees an annual interest rate income of no less than 6% and the return of principal. This promise seemed quite appealing at the time, as the 6% yield was already very high. Therefore, many employees not only contributed to Jinke, but also took out loans to fund the development of the company, which was a kind of advanced operation at that time. However, with the collapse of Jinke and layoffs, all the money invested seems to have been wasted.

In 2018, Jinke also announced the third phase of the employee stock ownership plan, in which employees need to contribute a total of 900 million, and the capital ** is 35%, about 24.6 billion yuan. According to the calculation at that time, it is estimated that the number of shares involved is about 90.79 million shares, accounting for 1 of the company's total share capital7%。After the employees contributed, they received the so-called "excellent win-win plan" and other related contracts provided by Jinke. However, these contracts do not protect the rights and interests of employees, but instead put employees at greater risk. Although many employees raised doubts, the company completely ignored them. Jinke then laid off employees on a large scale, and the interests of the "excellent win-win plan" of the laid off employees were directly damaged.

The attitude of employees towards Jinke and the actual controller became more and more disappointed. They feel cheated and the money they put in has never been returned. In September 2019, the departing employee approached the company to inquire about the payment plan of the funds, but Jinke said that it had not yet been put on the agenda and did not reply for a long time. It was not until December 7 that the departing employees spontaneously organized to communicate with Jinke again, and Jinke replied that the redemption plan was still being discussed.

As one of the largest real estate enterprises in Chongqing, Jinke Group is facing the task of asset restructuring. However, the biggest concern for employees is when the money they have invested will be paid. They are very confused and frustrated. After all, Jinke used the employees' funds to maintain Mr. Huang's control of the company, but now it is unable to repay the employees' investments in time. The development process and time trajectory of this incident made the employees feel devastated, as if they had been scammed.

The employees of Jinke originally hoped to keep the company's chassis and obtain certain benefits by raising funds. At the beginning, Mr. Huang promised that employees could get at least 6% interest rate income and principal return every year, which attracted many people. Now, however, it seems that this promise is just a piece of cake. The money invested by Jinke employees did not pay off after the thunderstorm, but put them at risk.

By paying funds and increasing the company's shareholdings, the employees hope to retain Mr. Huang's actual control over Jinke. What they didn't expect, however, was that the solution ultimately did not protect their employees' investment, but instead exposed them to the risk of losing their investment. The employee's support for Jinke seemed ahead of its time at the time, and they probably didn't expect the company to undermine their investment by making mass layoffs after the crash.

In 2018, Jinke announced the third phase of the employee stock ownership plan, requiring employees to contribute a total of 900 million yuan. At the time, employees were looking forward to the future of the plan, believing that the company would pay the principal and earnings in full by the end of 2022 as promised. However, in April 2022, Jinke delayed the redemption time by rolling over the period, which made employees feel very disappointed and anxious.

Jinke's employees did not get enough protection and returns after investing funds. On the contrary, they saw the attitude and actions of the company's top management and actual controllers, which made them feel very disappointed and indignant. The smashing of Jinke's headquarters has attracted widespread attention, and the lack of protection for the interests of departing employees has become a serious problem.

After the investment of Jinke employees was cheated by Mr. Huang, they began to seek ways to protect their rights. However, they face many dilemmas and challenges. First of all, employees need to organize and form a strong force to defend their rights. However, this is not easy because the departing employees are scattered and they are not very connected with each other. Secondly, as a large real estate company, Jinke has great advantages in resources and power, and it is difficult for employees to gain the upper hand in the process of protecting their rights.

In addition, Jinke employees have signed some contracts during the investment process, which may have an impact on their rights protection. According to the report, the content of Jinke's contract did not fully protect the rights and interests of employees, but made employees bear greater risks. This has brought some difficulties to the rights protection work of employees.

In addition, if Jinke employees want to protect their rights, they may need to rely on legal means. In China, it is not easy to defend rights, especially for ordinary employees. Judicial procedures are complex, costly, and often time-consuming. At the same time, as a listed company, Jinke has a relatively strong legal team and resources, and they may take various ways to delay the progress of the litigation.

In short, it is not easy for Jinke employees to protect their rights, and they need to overcome various difficulties and challenges. If they want to achieve their goals, they may need to organize themselves, seek legal assistance, etc., and have enough patience and perseverance. At the same time, the first and relevant departments should also pay attention to the rights protection of Jinke employees and protect the legitimate rights and interests of employees. Only in this way can the rights protection of Jinke employees be fairly and effectively resolved.

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