Workers' Union: From May of last year to April of this year, there were 11 cases of labor rights protection in Hong Kong enterprises

Social News

Written by: Hou Cailin

2019-12-13 13:37

The Workers ’Union today (13th) released the“ Monitoring Report on Collective Labor Disputes of Hong Kong-funded Enterprises in the Mainland ”, which reported that from May last year to April this year, a total of 107 collective rights protection cases of workers in Hong Kong-listed enterprises were collected. Part of it concerns wages owed by state-owned enterprises in the construction industry.

The Trade Unions criticized the HKEx guidelines for failing to require companies to disclose the labor treatment of listed companies, and required the HKEx to include information on labor treatment and employee models into the scope of "mandatory disclosure."

The Workers ’Union today (13th) released the“ Monitoring Report on Collective Labor Disputes of Mainland-Hong Kong-funded Enterprises ”. The Confederation of Trade Unions collected 149 Weibo and blogs, 5 websites and 2 news media about workers' strikes and collective rights protection incidents from May last year to April this year, and collected a total of 117 collective action incidents.

The survey found that of the 117 collective labor rights defending incidents, there were 11 collective rights defending cases involving Hong Kong-funded enterprises in Mainland China, a drop of about 15% from last year's survey. Of the 11 cases, 4 were related to arrears of workers 'salaries, and 5 were related to layoffs, closures, or relocations of the companies without paying workers' economic compensation.

The Labor Union today announced the "Monitoring Report on Collective Labor Disputes of Hong Kong-funded Mainland Enterprises." Li Zhuoren (left), the secretary general of the Workers Union, pointed out that requiring companies to "mandatoryly disclose" labor treatment and other information can protect investors' right to know. Lin Zuming (middle), the co-ordinating officer of the Workers' Union, said that the Hong Kong Stock Exchange had launched a public consultation from May to August this year, but no report has been issued. (Photo by Hou Cailin)

In terms of listed companies in Hong Kong, the Workers ’Union has collected 107 collective rights protection cases of listed institutions, one of which is Hong Kong-funded and Taiwan-funded, and the rest are Chinese state-owned enterprises listed in Hong Kong. Most of these cases involved workers in arrears with construction companies.

The Workers' Union states that Chinese state-owned enterprises are listed and raised in Hong Kong, and investors have the right to know their social responsibility. However, the current Environmental, Social and Governance Reporting Guidelines of the Hong Kong Stock Exchange fail to protect the public and investors' right to know. The Workers ’Union proposes to include relevant indicators such as labor treatment, employment mode, and supplier ’s non-compliance with the“ Multinational Enterprise Standards ”into the guidelines, and raise the disclosure requirements of related content to the level of“ mandatory disclosure ”.

HKEx should require disclosure of labor treatment

Li Zhuoren, secretary general of the Workers' Union, pointed out that requiring companies to “mandatoryly disclose” labor treatment and other information can protect investors ’right to know. Investors will also feel investment because of their social responsibilities, and they can also carry out risks in terms of labor disputes. Evaluation.

Lin Zuming, co-ordinating officer of the China Federation of Trade Unions, further pointed out that the Hong Kong Stock Exchange had launched a public consultation from May to August this year, and suggested that some of the contents of the guidelines that were originally “general disclosure” include salary and dismissal, working hours, holidays and other information. Amended to "explain if non-compliance", while the consultation report has not yet been published. However, Li Zhuoren bluntly stated that the proposal is still insufficient to improve the transparency of the company, and it is difficult to know even if the company violates the rules without explaining it.

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