Canon Suzhou Undergoes Layoffs Affecting Thousands with Lucrative Compensation
TapTechNews August 1st news, according to LeiFeng.com's report today, due to the market contraction, Canon Suzhou was recently exposed to start a new round of layoffs, involving thousands of people, and the compensation is refreshing the ceiling of layoffs in foreign companies - no fixed-term contract N+12 or 2N+12.
The news was later confirmed by industry insiders. The only drawback is that there is not much overtime in more than a year, so the salary is not high, but this is the top compensation in China, second to none.
In 2022, Canon Zhuhai China's plant closure and layoffs have already received wide attention due to high compensation. The compensation plan at that time included five parts: economic compensation, special consolation payment, employment support payment, gratitude and memory bonus, and Spring Festival gift money. Some employees disclosed that before the factory decided to shut down, their monthly salary was 7000-10000 yuan, and finally received about 250,000 yuan in compensation, and employees who had worked for 30 years received 1.5 million yuan in compensation.
In recent years, Canon has successively closed its Chinese businesses. In 2021, the number of Canon China employees decreased from about 1500 in January to about 1300, and closed 10 offices across the country and 4 branches, namely Tianjin, Qingdao, Dalian, and Harbin.
TapTechNews learned from public information that Canon (Suzhou) Co., Ltd. is a Japanese-owned enterprise registered by the Japanese Canon Inc. in the Suzhou New District in 2001. With a total investment of 185.5 million US dollars and an area of 320,000 square meters, there are currently more than 3000 employees, and it is one of the most important and largest office equipment production bases of 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 Canon (Suzhou) Co., Ltd. products to the world.
Related reading:
Canon China's chairman: It is expected to officially close the Zhuhai factory by the end of June, and 100% of the employees have signed the agreement without any dissatisfaction.
Canon announces the closure of the 32-year-old Zhuhai company, due to the impact of the epidemic + the shrinking camera market.