A supplier of electrical parts to Samsung Electronics Co. reached an agreement with laid off workers at the factory after workers discovered the company went bankrupt.On June 25, more than 100 workers protested outside the factory to ask for compensation plans.One day before the demonstration, the factory told its employees it had no new orders.The factory’s parent company is BKE&T, a subsidiary of Bokwang, a part-maker for Samsung, which filed for bankruptcy before June 20, according to the head of the factory’s union.Workers said the factory, which makes displays and video cards, has seen orders from Samsung slide since March.In 2014, the factory employed some 1,000 workers but by last month total employees numbered at around 600.Labor officials collected the payout money, calculated by the number of years each worker spent at the factory.In an official statement, Samsung said the closing of the factory had nothing to do with the company’s performance.For Caixin Online, this is Diana Bates.
