CanonSuzhou Alleged Layoffs and Compensation Fact or Fiction?

TapTechNews on August 1st, it was recently reported by netizens that CanonSuzhou has started a new round of layoffs, involving thousands of people. The compensation is'setting a new ceiling for layoffs in foreign companies' - either N+12 or 2N+12 without a fixed-term contract. TapTechNews reported this news earlier today, causing widespread discussions among the small partners.

Later, the operator of the official website of CanonSuzhou responded to 'Phoenix Network Technology' and said that the news of compensation N+12 or 2N+12 is false. The company 'is not laying off, but reemployment', that is, 'you can choose by yourself and there will be compensation if reaching the standard', but it is 'not clear' what the standard is.

Canon (Suzhou) Co., Ltd. is a Japanese-owned enterprise registered in the Suzhou New District by the Japanese Canon Inc. in 2001. With a total investment of 185.5 million US dollars and an area of 320,000 square meters, it currently has more than 3,000 employees and is one of the most important and largest office equipment production bases of the Japanese Canon overseas.

Its main products are color digital multifunction machines, copiers, printers and peripheral equipment. The company's spare parts management center provides spare parts for the products of Canon (Suzhou) Co., Ltd. to the world.

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