Society
Fortune 500 branches required to have collective agreements
(Xinhua)
Updated: 2011-06-27 12:25
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SHENYANG - All enterprises set up by Fortune 500 companies in Shenyang, capital of Northeast China's Liaoning province, are required to have collective agreements on wages by 2012, said local authorities.
Shenyang Federation of Trade Unions and Shenyang Human Resources and Social Security Bureau require that Fortune 500 companies' branches in Shenyang implement collective bargaining and sign collective contracts with their employees by the end of 2012, said a spokesman with the Shenyang federation.
The wage standards and annual increases should be "specific" in the contacts and should be reached through collective bargaining and passed to employees' representatives, said Gao Wenfeng with the federation.
"In Shenyang, 57 companies were set up by Fortune 500 which employ 37,000 people in total. Among the companies, 40 have signed collective agreements with employees," said Gao.
For example, Coca-Cola Liaoning Beverage Co Ltd signed a collective contract with employees on June 2, which states that its minimum wage is 1,100 yuan ($170) per month with an annual rise of 9.5 percent, said Gao.
Shenyang's move is in line with the call of the All China Federation of Trade Unions and the Ministry of Human Resources and Social Security as well as China Enterprise Confederation which asks companies with trade unions to set up collective contracts systems with collective wage bargaining at the core.