By: Furniture World Magazine\u00c2\u00a0<\/p>\n
“The Business Journal of the Greater Triad Area” (http:\/\/triad.bizjournals.com) ran a March 31st article, “Furniture retailers look for mortgage tie-in” that discussed a new phenominon in the industry — using home equity loans to finance furniture purchases. “The latest idea for tapping into that pool:,” the article notes, is a “furniture-upgrade option” attached to newly originated home mortgages.<\/p>\n
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Kyodo News (http:\/\/asia.news.yahoo.com\/060404\/kyodo\/d8gp464g0.html) reported that about 3,000 Guangdong furniture factory workers staged a protest and that hundreds of riot police were called in to keep the protesters from entering a guest house where state leaders often meet.
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\nThe article contains an interview with one of the protesters who noted that, “the average monthly wage is only around 1,000 yuan ($124), while they have to work 12 hours a day, without payment for overtime, and with only two days off every month. Only one of 200 workers can take a break at any one time, and those who take a break without the permit face a fine of 10 to 20 yuan and could be beaten up by supervisor.”<\/p>\n
This comes at a time when China is facing a labor shortage and factories are raising salaries, starting to improve working conditions and starting to offer benefits.
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The Galax Gazette (Galax, VA) http:\/\/www.galaxgazette.com reported that the U.S. Department of Labor has approved Vaughan Furniture’s application for extended benefits to employees recently laid off due to plant consolidations.<\/p>\n","protected":false},"excerpt":{"rendered":"
By: Furniture World Magazine\u00c2\u00a0 “The Business Journal of the Greater Triad Area” (http:\/\/triad.bizjournals.com) ran a March 31st article, “Furniture retailers look for mortgage tie-in” that discussed a new phenominon in the industry — using home equity loans to finance furniture purchases. “The latest idea for tapping into that pool:,” the article notes, is a “furniture-upgrade […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-430","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=430"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/430\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}