Nanjing Wujing Dynamics reportedly owes nearly 8 million yuan in unpaid wages; had previously announced nearly 1 billion yuan in orders

Nanjing Wujing Dynamics, founded only 8 months ago, has been accused by employees of owing wages to 30 to 40 people totaling nearly 8 million yuan, and the company has been hit by a work stoppage. In June the company announced that 110 million yuan in financing had been secured, and that it had signed framework orders worth nearly 500 million yuan with several central state-owned enterprises, plus another nearly 500 million yuan in reserve orders; however, framework and reserve orders are still some distance from formal procurement and delivery. Employees reported that the wage arrears began in August, that housing fund contributions stopped in September, and that social insurance contributions stopped in October; some employees have already applied for labor arbitration.