WM Motor's wage arrears controversy: 13 million yuan in wages has not been paid, and the administrative decision takes effect

According to the latest reports, WM Motor has recently faced financial problems and employee salary arrears. It is understood that the company was exposed to arrears of more than 13 million yuan in employee wages and received an administrative decision letter

According to a document, the document was signed on August 31, 2023, and WM Motor was accused From February to May 2023, 248 employees were owed wages and remuneration without reason, totaling approximately 13.39 million yuan. The Shanghai Qingpu District Human Resources and Social Security Bureau has made an administrative decision, requiring WM Motor to repay the full wages owed to employees within 15 days after receiving the decision.

According to our understanding, it is said that WM Motor has failed to fulfill its promise so far, although the administrative decision letter stipulates the time limit for back payment of wages. Currently, some employees of WM Motor are still working, including in finance, IT, after-sales and other positions. Nearly a hundred people have not been paid, and at least hundreds more are on leave without pay. As of now, WM Motor has not yet issued a response on the progress of receiving and implementing the relevant decision letter

It is worth noting that this is not the first time that WM Motor has caused controversy over the issue of unpaid wages. In February this year, WM Motor caused an employee rights activist incident due to a significant salary cut, unknown whereabouts of social security funds, and delayed salary payment dates. Some employees went to the gate of WM Huanggang Factory to express their dissatisfaction. At that time, WM Motor issued an internal communication letter, promising to protect employees' salaries to the greatest extent possible.

In addition, WM Motor is also facing an acquisition plan by Kaixin Automobile, a US-listed company, which plans to issue new shares to acquire 100% of the equity held by existing shareholders of WM Motor. The specific progress of this acquisition plan has not yet been determined. The industry is still paying close attention to the future of WM Motor.

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