|
A Chinese steel production company recently made international news
headlines for offering 4,116 of its employees brand new cars as bonus
for surpassing profit targets for the fifth consecutive year.
On October 1st, Jiangxi West Dajiu Iron & Steel Corporation organized an
epic event to celebrate its success and reward employees for
contributing to its yearly growth. It was reported that the company had
reported increasing profits for the last five years, and management
wanted to do something special to thank the staff, so they decided to
give each one of them a car. A total of 4,116 new vehicles – 2,933
Jiangling Ford Territory and 1,183 FAW-Volkswagen Magotan – were
distributed in batches in the weeks prior to the National Day holiday.
|
 |
|
According to Chinese news outlet Sohu, the value of the 4,116 brand new
cars is around 500 million yuan ($74 million), but the Jianxi company
also announced that it will pay for the production of license plates for
these vehicles, five-year auto insurance, as well as vehicle taxes.
|
 |
|
A few hundred new cars were lined up in an open space around a large
stage for the October 1st celebration, and drone footage shot as a
promotional material has been doing the rounds on Chinese social media
for the past week. Reactions from the public have been mixed, with most
users commending the steel corporation for sharing its profits with
employees, and some looking for things to complain about.
Some users commented that the Jianxy company could have simply given
people checks so they could buy the cars they liked, but that’s really
splitting hairs. The company probably got a great deal from the car
manufacturers, so they managed to save some money while giving millions
away.
|