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VietNamNews

Firms struggle to pay workers Tet bonuses

Update: January, 14/2012 - 09:37

HCM CITY — Many companies that had a slow year because of economic difficulties are struggling to offer Tet holiday bonuses for their workers this year.

The Allied Technologies (Sai Gon) Co. Ltd in District 9, for instance, said it could only give a bonus equal to 20 per cent of employees' monthly salary in addition to a one-month salary.

Although the bonus level was low compared to the general level, the company said it could not meet employees' requests that it raise the amount, a representative of the company said.

Another company, Tan Quoc Hung Co Ltd in Binh Tan District, will probably not give bonuses this year to employees because of a shortfall in orders and slow customer payments. The company director, however, said it would try.

Quan, an employee at a transport services company, said last year he got a very high bonus for Tet, but this year he received only one month of salary, or VND5 million (US$240).

Cu Chi District's Labour Union reported that many businesses in the district had encountered difficulties in production and trading, and would find it difficult to offer Tet bonuses.

According to the HCM City Department of Labour, Invalids and Social Affairs, many businesses have not reported their Tet bonus plan. Some companies, however, have given bonuses even under the current circumstances as an incentive to retain workers.

The department said it would keep track of the situation to ensure that Tet bonuses are handled fairly. — VNS

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