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FRIDAY, FEBRUARY 28, 1975.
LABOUR DISPUTE SETTLED
AFTER MARATHON NEGOTIATION SESSION
LABOUR DEPARTMENT CONCILIATORS LAST NIGHT CHAIRED A 10-HOUR MEETING TO END AN 18-DAY OLD SEVERANCE PAY DISPUTE AT A KWUN TONG PRINTING FIRM.
THE YEE CHEUNG CO. LTD. WAS TAKEN OVER BY THE APPOINTED RECEIVER OF A BANK ON CHINESE NEW YEAR EVE (FEBRUARY 10).
WITH THE HELP OF THE LABOUR DEPARTMENT AND THE WING ON BANK, SPECIAL ARRANGEMENTS WERE MADE ON THE SAME DAY TO PAY THE REDUNDANT WORKERS THEIR WAGES FOR JANUARY,
FURTHER NEGOTIATIONS BETWEEN WORKERS' REPRESENTATIVES AND THE APPOINTED RECEIVER WERE ARRANGED BY THE LABOUR RELATIONS SERVICE.
AT THE FOURTH CONCILIATION MEETING YESTERDAY, SETTLEMENT WAS FINALLY REACHED AT MIDNIGHT AFTER A 10-HOUR SESSION WHEN WORKERS' REPRESENTATIVES AND THE APPOINTED RECEIVER SIGNED AN AGREEMENT IN THE KWUN TONG LABOUR RELATIONS OFFICE.
THE TERMS OF SETTLEMENT COVERED THE PAYMENTS OF WAGES IN LIEU OF NOTICE, ARREARS OF WAGES FOR FEBRUARY, DOUBLE PAY FOR 1974, HOLIDAY PAY AND SEVERANCE PAY.
WORKERS WITH LESS THAN TWO YEARS' SERVICE WILL BE GIVEN $200 AS SEVERANCE PAY.
THE RECEIVER AFTER REALISING THE ASSETS OF THE COMPANY, WILL UNDERTAKE TO PAY THE WORKERS.
FIRST PAYMENT COVERING WAGES IN LIEU WILL BE MADE ON MARCH 8. FURTHER PAYMENT WILL EFFECT BY THE END OF APRIL.
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