Firms criticised for pay cuts, layoffs
Legislators across the political spectrum have supported a motion demanding enterprises in the city fulfil their social responsibility.
The non-binding motion was passed after a four-hour debate in which legislators lambasted many companies for caring more about profits than their workers' welfare.
Chan Kam-lam of the Democratic Alliance for the Betterment and Progress of Hong Kong demanded the government create a favourable environment for enterprises to fulfil their social responsibility.
'The general public of Hong Kong is stoically facing up to economic hardship, yet some enterprises have still effected layoffs and pay cuts despite making huge profits, and failed to go through the hard times with the public,' he said.
Democrat Wong Sing-chi said companies had low awareness of social responsibility. 'Today, TVB has fired another 110 people. It is already the third massive layoff announced by the company recently, which is still making a huge profit.'
Secretary for Labour and Welfare Matthew Cheung Kin-chung said society had failed to reach a consensus over legislation on collective bargaining.