Shangyu Lighting was recovered by the former employees for “compensation” and the investor responded with financing

Recently, according to Wujin Life Connection Report, when the reporter passed the Jinshajiang Industrial Industrial Park at No. 7 Fengxiang Road, Wujin High-tech Zone, Changzhou, two days ago, hundreds of workers blocked the gate of the industrial park with five vehicles. The person in charge of Shangyu Lighting Company came forward to give a statement, and the police also rushed to the scene to coordinate.

At around 9:00 am on the same day, the crowds surrounding the gates were still not evacuated, which seriously affected the employees of the park enterprises to go to work. Some of the people who took the lead in blocking the door were summoned and taken away by the police of Nanxiashu Police Station.

It is understood that these employees have served in Shangyu Lighting Company. Due to the poor management of the company, in June this year, the company terminated the labor contract with them and reached an agreement on the salary and the amount of compensation.

In July, the wages and compensations were not credited to the employee's salary card. The employees applied to the labor department for labor arbitration. After coordination, they reached a supplementary agreement for paying the first-time salary and paying compensation before October 29, but wait until October 29. On the day, the compensation was still not paid.

Li Dandan, former employee of Shangyu Lighting (China) Co., Ltd.: Several people can't get through the phone. I called him (a representative of Shangyu Lighting), and he said that he only told him personally about what he had learned. The investor said that it is now financing, and originally promised us that it will be October 29th! The rest of the money can't be given now, saying that it hasn't got the money yet. It is expected to be at the end of December, but they cannot guarantee it.

After hearing such a reply, these employees made the best decision. The reporter also visited the District People's Social Security Bureau on this matter. The staff said that the labor department had intervened in coordination in July, and the labor arbitration was revoked due to an agreement. In view of the current developments, the staff recommended that employees prepare relevant materials and reapply for labor arbitration.

In July of this year, a photo was circulated on the Internet and a banner was drawn. The content was: "Shangyu Lighting, debts to pay back the money." Many speculations, the lighting of the captain may have been caught in operational difficulties.

At present, it is not known what the situation of Shangyu Lighting is.

On June 8, 2011, Jinshajiang Venture Capital Co., Ltd. invested US$10 million in Upwind Lighting (China) Co., Ltd. (Shangyu Lighting). On May 10, 2012, Shangyu Lighting received a $30 million investment in the second round of the Jinshajiang Venture Capital and the US Oak Investment Fund.

In 2012, Shangyu Lighting (China) Co., Ltd. laid the foundation stone. According to the report at the time, Shangyu Lighting is an innovative enterprise integrating R&D, production and promotion of LED lighting. The product line covers home lighting, commercial lighting, industrial lighting and outdoor lighting. The total investment is 100 million US dollars, and the production park covers an area of ​​144 acres.

The company has the world's top technical team, and has a number of international patents in LED system integration, which greatly enhances LED lighting efficiency, AC and DC conversion efficiency and power factor.

On May 8, 2012, Shangyu Lighting announced that it will receive a second round of financing of US$30 million. The participation in this round of financing includes the Jinshajiang Venture Capital Fund and the US Oak Investment Fund, as well as additional investment by early angel investors.

In April 2013, Jingdong teamed up with Shangyu Lighting to light up the Chinese family energy conservation plan. Luo Xuejuan, the Olympic champion of Shangyu Lighting, also came to the scene and witnessed the grand opening of the “Lighting the Chinese Family Energy Saving Plan” together with the participants.

During the implementation of the plan, Jingdong Publicity will also launch a super special combination of 99 yuan and 4 6.5W LED lighting lamps, which is twice as low as the average price of 50 yuan per market.

This has also become the last press release of Shangyu Lighting's official website in China.

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