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Written by: Huang Yongyu
2020-03-19 11:13
Last updated: 2020-03-19 11:13The retail market was sluggish. Volkswagen Holdings Co., Ltd. announced yesterday (18th) that 16 Volkswagen bookstores were closed across the board. The management held a briefing at the Cityview International Hotel in Yau Ma Tei this morning (19th) to explain the arrangements to the staff. A district council member was present to provide assistance.
A spokesman for the Public Bookstore stated that it will pay payment in lieu of notice, this month's salary and severance payment, and will seriously follow up on book holders and members.
From 9 am this morning, employees of Dazhong Bookstore have successively arrived at the Cityview International Hotel in Yau Ma Tei to attend seminars organized by the management to understand the company's arrangements. Yau Tsim Mong District Councillor Li Aoran, Tuen Mun District Councillors Wu Yitai and Liang Yiwen, and Tuen Mun Community Director Zhang Zanhua also set up a street outside the hotel this morning to provide assistance to the staff.
Volkswagen Holdings Co., Ltd. held a briefing at the Cityview International Hotel in Yau Ma Tei to explain the arrangements to employees. (Photo by Huang Yongyu)
Public: Payment in lieu of notice, monthly salary and severance payment
A spokesman for the Volkswagen Group said that it will be severed in accordance with labor laws, including payment in lieu of notice, salary of this month and severance payment. Today, it will also register on the spot information of colleagues who are interested in joining other non-retail businesses to absorb as many affected employees as possible. The discoverer also explained that some employees yesterday could only inform the store closing news by phone because of their vacation.
As for the affected book holders and members, the Group stated that it would follow up seriously, details will be announced on the website later.
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