XN000022-1973-11-24 — Page 10

Saturday, November 24, 1973

LABOUR DISPUTE SETTLED

The dispute involving the Hip Shing Timber Company Limited and

30 of its workers following a phased close-down of the timber processing

section has been amicably settled by the Labour Department.

The dispute broke out on November 6 over the question of long

service bonus,

Officers of the Labour Relations Service of the Labour Department

stepped in soon after direct negotiation between the management and the

retrenched workers reached a deadlock. Three conciliation meetings were

subsequently held in the Tsuen Wan Office of the Service where the parties

to the dispute finally reached an agreement.

Under the agreement, the retrenched workers yesterday (Friday)

each received one month's wages in lieu of notice, year-end bonus equivalent

to one month's wages, long service bonus at 22 days' wages per year's

service, and ex-gratia payment of about 15 days' wages. The total amount

involved was in the region of $140,000.

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