My co-Jun Groups collapse see.doc

 PAGE \* MERGEFORMAT 5 My co-Jun Group’s collapse see October 15, 2008, toy factory on behalf of two co-Jun Group’s factory in Dongguan ‘co-Chun’ and ‘Chun collar’ suddenly declared bankruptcy. I was very surprised that a company prior to co-jun toy factory, or I do in the service. But the strange is that after the incident, co-Jun Group’s executives have disappeared, while 7,000 unemployed workers have been thrown on the streets overnight. After the outbreak of the matter, newspapers, networks, government, etc. have always thought that the closure of Smart Union Group, the culprit is the financial crisis is Dongguan’s industrial upgrading, the reduction in processing profits, but I believe you read the following data to find out. Semi-annual report in 2008 listing, the co-jun disclosure, in the first half sales of about 387 million Hong Kong dollars, a slight increase of 2.9%. The data show that the export of co-Jun has not been a big impact. Co-Jun Group, Europe and the United States compared to last year’s orders are still growing, Europe and the United States in a timely remittances, and even nearly 10% of customers in advance to play section to the co-Jun Group. All these can be seen that co-Jun Group’s operation is quite normal and not significantly affected by the financial crisis, but the co-Jun is through this straw closed down, so the financial crisis has become a scapegoat for the best. I have access to a lot of information on the co-jun, collation and analysis I think that the closure of Smart Union Group, the following main reasons: 1, internal management turmoil. According to internal staff blunder, they are a department of 10 individuals, but as officials there are seven individuals and that these managers do not mind on the work, of course, managers are in Hong Kong, but no one to manage. The staff do not discuss complaints, but it can be seen, it must be the company’s management problems, big woods, what birds are, these people do not feel a