Chinahr was sold from helping people to find jobs to be cut

Once was to help people find work, now is their own to be cut, this embarrassing situation so that Chinahr was pushed to the forefront overnight.

Chinahr was sought for sale by the world's largest online recruiting giant, and more than half of its employees were laid off. Interestingly, executives have opted for collective appease in the face of the company's handover, and the only 200-plus employees in the site are collectively protesting that they are being cut. Eventually lead to the resignation of the left, do not want to stay.

Employees seeking to "be cut"

The Chinahr, which began on 29th this month, continues to ferment.

29th this month, Chinahr launched a layoff before the takeover, the staff can get a +3 of the salary of the severance payment, pregnant women can be additional compensation for 24 months, the proportion of layoffs reached about 54%. The announcement sparked discontent among employees who had been negotiating with CEO Luo Bingquan and the parent company M Onster to be responsible for layoffs.

People familiar with the matter told reporters in the south, the company's director, general manager of the level of management almost all were cut, and the placement of staff and compensation has not been mentioned, causing dissatisfaction.

According to the outcome of the 29th negotiations, the incumbent staff proposed a plan to implement the same compensation scheme as the departing staff, but pledged not to leave the company within 2013 years. Monster CEO Purcell Sal Iannuzzi eventually said he would give a final reply within 24 hours and asked his staff to stop talking about it during the period.

However, as of yesterday morning, the final outcome of the talks has not yet been announced. and located in Chaoyang District, Beijing, 108th Jianguo Road, HNA Industrial Building, 12-storey chinahr atmosphere tense, there are several security guards stationed at the door, employees need to produce a badge to enter and exit.

There are employees in micro-Bo spit on the trough said "the current branches across the country, Beijing sent bodyguards guarding, staff in and out of the check cards, 29th night signed the promise of the book has not been cashed, 30th, the whole company let us not contact with any media, guarding the credibility of the company." When the time of the show did not appear, the company all the executives disappeared, collective appease, so far as we have sold to anyone do not know. ”

Business Setback SOLD

Chinahr was once one of the most well-known recruitment sites, with worry, Zhaopin and called China's three major recruitment sites. But since the acquisition by M Onster, business has deteriorated in recent years. According to the survey, the number of monthly visits to Chinese recruitment websites from January 2012 to June ranked Chinahr from the third place in the peak to fifth place, and the monthly coverage distribution ranked from fourth to Nineth at peak. As of the third quarter of 2012, the net revenue was only 14% of worry.

MONSTER2012 's annual earnings showed a net loss of 1 per 94.2 billion in the three quarter, from Chinahr to $233 million. M Onster has spent $243 million on a wholly-owned takeover of Chinahr three times since 2005, and is now eager to get rid of the hot potato in order to reduce operating costs.

According to the internal staff to the south of the reporter revealed that after the acquisition of Chinahr, the impact of the spread of the gap, for the increasingly weak buried hidden dangers, "the past almost all are Chinahr ads, but carefully calculated and highly valued the results of the acquisition of foreign bosses, began to tighten the cost of promotion, Chinahr out of sight. ”

This July, after a system upgrade, Chinahr also face the loss of customers. The employees said that after the upgrade Chinahr fully apply M Onster's global online recruiting system ignores the use of Chinese companies and consumers. The director of H R, an enterprise, says the cost of recruiting ads and resumes after the upgrade has increased, and is already considering halting cooperation with Chinahr.

In the staff negotiations on the night of 29th, Chinahr had admitted that it would be sold, but did not disclose who the buyer was. According to the agreement, the transaction needs to be completed on January 31, after the acquisition of M On-ster will remain a small portion of Chinahr shares, otherwise the acquisition will fail.

According to CEO Luo Bingquan and M Onster CEO Purcell, once the takeover failure Chinahr will be unable to support the operation of the first quarter, M Onster or will close the business.