For foreign-funded enterprises and domestic-funded enterprises, who is more able to operate in good faith, and who can give the most reasonable compensation to workers after closing their doors? I believe that in the past, there were some multinational foreign-funded enterprises in China, and after the closure of factories, there may have been many differences in the compensation for our ordinary employees. We have also seen that many private enterprises or state-owned enterprises in China, when laying off employees, often give compensation is not particularly good, and some even let you stay on the job, stay on the job for 2 months, 3 months, and wait until the time is up, and then talk to you about how to lay off, how to dismiss, how to compensate. At this time, many employees are often in a weak position in this regard, and many employees, because they can't stand the long-term waiting, many of them take the method of resignation, resign and leave, and they can't get the last penny of compensation.
For some international multinational companies, many of the factories invested in China comply with labor laws, and many of them are compensated according to the normal compensation paid to employees after the factory is closed. And there are many differences between domestic and foreign companies. Not long ago, Bridgestone's Shenyang plant was closed, and it mainly closed the production and sales of tires for the domestic commercial vehicle market. The compensation for the 1,200 employees in Shenyang is 13 times. It is said that some single workers may be compensated up to 500,000 yuan, while some double workers may be compensated up to 1 million yuan. Thinking about how many years I have worked at Bridgestone, I am very pleased to be able to receive such compensation.
Bridgestone has been building a factory in Shenyang for 27 years since 1996, and one of the main reasons for its closure is that our domestic tire manufacturers have continued to rise and begin to encroach on its market. Bridgestone's tires are generally 30% higher than those of our domestic tires. This also leads to the rise of domestic tire manufacturers and the quality of some foreign tire manufacturers slowly approaching, cheap and good quality so that many people began to favor our domestic tires, because the quality of domestic tires is also good, and the best is also cheap, resulting in Bridgestone's sales in the field of commercial vehicles tires is declining. On the other hand, our domestic enterprises give employees very little compensation, and some even use various methods to force employees to resign voluntarily, so that they don't have to give a penny of compensation, which is so embarrassing.
Take a look at many of our domestic enterprises, when they build factories abroad, many of them do not comply with labor laws in China, but they seem to have begun to comply with labor laws when they go abroad. Because of the strict employment system and salary system in foreign countries, domestic enterprises must comply with local labor laws. What is meant by law, strict law enforcement, and illegal prosecution has been seen in foreign enterprises setting up factories in Chinese mainland, and compensation for employee dismissal and layoffs. To do things in accordance with the law, what is the spirit of the contract, what is called to do things according to the contract, this gives a very good and vivid lesson to our domestic enterprises. However, despite all that, there are very few domestic enterprises that do not comply with labor laws, and even if they lay off employees, the compensation given to employees can really meet the normal and reasonable standards.
Many of our domestic enterprises do not follow the labor law to intern, and many enterprises, even some black-hearted enterprises, put money first, and always use various methods to make workers resign voluntarily, so as to evade compensation. This problem has also led to a huge loophole in many domestic employment systems, which has a lot to do with our implementation, and often some of them go to the arbitration commission and report to the higher-level management authorities, often through relationships and favors, and finally it is over. Often, sometimes our management agency is more partial to the enterprise, and often more is more human favor than the law, which also leads to a lot of complaints, some petitions, some arbitration, and in the end, it is not resolved.
Many organizations are a kind of muddy approach, which makes the arrogance of enterprises not to compensate employees more and more powerful. This also leads to the fact that foreign companies in China are honestly abiding by our labor laws and employment systems, and giving certain compensation for layoffs, while domestic companies simply trample on all these systems and will not pay attention to them at all. For such a comparison, it also allows us to see that our domestic enterprises should really rectify their employment system and working environment in some aspects, as well as the various compensation given in terms of employee dismissal.