Fubon Financial Holdings (2881-TW) has not formally completed the merger with Risheng Financial Holdings (5820-TW), but today (30) it was reported that the number of employees of Risheng Bank has left hundreds of employees. Bang Financial Holdings reached a consensus with the employees on relevant demands as soon as possible to protect the rights and interests of employees.
Chen Jianzhi, chairman of the labor union of Risheng Bank, stated that since July 2nd, the two labor unions of Risheng Bank and Risheng Financial Holdings have held 6 group agreement consultation meetings with Fubon Financial Holdings, and there have been 3 more informal consultation meetings since then. However, no specific consensus has been reached on the draft employee placement plan including related treaties such as preferential leave, preferential retirement and rewards for retained employees.
Chen Jianzhi pointed out that the number of employees of Risheng Bank has resigned hundreds of people. The number of employees has dropped from 1503 at the end of March to 1381 on 11/10. He is worried that the delay in labor-management consultations may not reach a consensus, which may cause more employees to leave. Therefore, it is hoped that the FSC will require Fubon Financial Holdings to reach a consensus with labor on relevant demands as soon as possible.
The demands put forward by the labor union are mainly to expect that the remaining employees will be granted a reasonable adaptation period of 3 years of work rights and related retention bonuses; and to provide a preferential separation and retirement plan that is superior to the labor law law to give employees who choose not to continue to remain after the merger, and they should follow the regulations The severance payment is approved and calculated based on the preferential compensation base. Chen Jianzhi expressed the hope that the competent authority will strictly examine Fubon Financial’s application for its employee placement plan, personnel change case, and branch service base relocation to protect the rights and interests of employees.
Liu Hanzhou, chairman of the labor union of Risheng Financial Holdings, also requested the Financial Management Committee to supervise Fubon Financial Holdings in an official document. Before signing a group agreement or employee placement plan, it should immediately stop the early transfer of employees.
The labor union pointed out that during the labor-management negotiation period, Fubon Financial Holdings made arrangements for individual employees to be transferred in advance without signing the group agreement in the name of agreement. This not only puts Risheng Financial Holdings and its subsidiaries employees under considerable physical and psychological pressure, but also violates Fubon Financial Holdings has publicly stated that the implementation of the merger process and the transfer of the business that originally belonged to Risheng Financial Holdings or its subsidiaries to Fubon has violated the provisions of Article 171, Paragraph 1, Subparagraph 2, of the Securities Exchange Law. For other shareholders holding shares of Risheng Company, the damage is enormous, and the Financial Management Committee is requested to supervise Fubon Financial Holdings to avoid illegal damages.
Zhuang Xuanyuan, director of the Banking Bureau of the FSC, said that if Risheng Financial Holdings and its subsidiaries have abolishing, relocating and consolidating branches, they should still negotiate the “employee placement plan” with the labor union of Risheng Financial Holdings or the labor union of Risheng Bank.
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