Youngor publicly responds to the "redundancies" for the first time as a false report

Recently, some media reported that Youngor's apparel net profit growth rate in the apparel and textile industry slipped to 2%, and the number of layoffs of the company was as high as 17,200, making it the most fierce company in the industry. In this regard, Youngor issued a clarification announcement yesterday, arguing that the company has cut its staff significantly, saying that it is due to the reduction in the number of employees resulting from the transfer of 100% of the subsidiary’s equity.

In the 2010 annual report, the reporter saw that as of December 31, 2010, Youngor announced that the total number of serving employees was 41,900, including the number of new horse garment employees. As the company transferred 100% equity of Xinma Garment in 2011, Xinma Garment was no longer included in the company's consolidated statements at the end of 2011, and its employees are no longer counted in the total number of employees in the company.

If the company removes 17,200 people from Xinma clothing, as of the end of 2010, the number of employees in the company is 24,600, which is not much different from the number of people in the same year in 2011, which is 24,700 people. There is no outside company's “company” The number of employees reduced by 17200.

Youngor also stated that the fact that a small number of employees have left because of the company's mobility has indeed existed, but the layoffs of 17,200 people are purely false exaggerations.

In recent years, as a representative of branded menswear, Youngor has shifted its market focus to higher value-added branded apparel to realize the goal of transforming its garment business from a “production-oriented model to a brand-operated model”. Increased value. In 2011, the company’s branded apparel sales revenue was 3.812 billion yuan, an increase of 24.66% year-on-year, and domestic sales gross margin was 65.66%, an increase of 2.81 percentage points year-on-year.

Coincidentally, Midea, which is the leading domestic manufacturer of small household appliances, suffered a severe layoff crisis last year. According to 2011 annual report data, the total number of electrical employees in the United States last year was 66,500, and in 2010 the company’s total number of employees was 98,700. In this way, the number of employees in 2011 decreased by 32% year-on-year. Guotai Junan analysts believe that the United States is likely to be in order to make the annual report data to be decent, will take measures to lay off. Last year, the company achieved a net profit of 871 million yuan, a year-on-year increase of 22.39%. "Can't rule out that Midea's electrical appliances were used to make drastic job cuts in order to make last year's annual report more brilliant."