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Summary. TTI is not a top 500 company.
Founded in 1985, TTI designs, manufactures and sells power tools, accessories, hand tools, outdoor gardening power tools and floor care products. [1] As of 2021, TTI employs more than 51,000 people worldwide. [2] Brands include Milwaukee, AEG, Ryobi, Homelite, Empire, Imperial Blades, Stileto, Hart, Hoover, Oreck, Vax, and DirtDevil.
4] Products are sold in North America, Europe, Asia and Australia through home furnishings centers, major retailers, tool distributors and other channels. [13] With a clear business strategy, as well as strengths in product innovation, go-to-market, manufacturing processes and partnerships, TTI has maintained double-digit growth over the past decade, recording a turnover of US$13.2 billion in 2021.
Is TTI a top 500 company?
TTI is not a top 500 company. Founded in 1985, TTI designs, manufactures and sells power tools, accessories, hand tools, outdoor gardening power tools and floor care products. [1] As of 2021, TTI employs more than 51,000 people worldwide.
[2] Brands include Milwaukee, AEG, Ryobi, Homelite, Empire, Imperial Blades, Stileto, Hart, Hoover, Oreck, Vax, and DirtDevil. [4] Products are sold in North America, Europe, Asia and Australia through home furnishings centers, major retailers, Li Yin Tools Distributors and other channels. [13] With a clear business strategy, as well as strengths in product innovation, marketing, manufacturing processes and partnerships, TTI has maintained double-digit growth over the past 10 dry years, with a turnover of US$13.2 billion in 2021.
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If the employer arranges work on statutory holidays, it shall pay the employee's wages at a rate not lower than 300% of the employee's daily or hourly wage as stipulated in the labor contract; Other holidays that are taken together with statutory holidays are rest days or compensatory holidays, and the employee shall be compensated at the same time, and if the compensatory rest cannot be taken, the employee's wages shall be paid at 200% of the employee's daily or hourly wage standard as stipulated in the labor contract.
Article 44 of the Labor Law In any of the following circumstances, the employer shall pay the employee a wage remuneration higher than the wage for normal working hours according to the following standards:
1) Where a worker is arranged to work longer hours, a wage remuneration of not less than 150 percent of the wages shall be paid;
2) If a worker is assigned to work on a rest day and cannot be arranged for a compensatory holiday, a wage remuneration of not less than 200 percent of the wage shall be paid;
3) If a worker is assigned to work on a statutory holiday, he or she shall be paid a wage remuneration of not less than 300 percent of his wages.
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The state stipulates that statutory holidays are 3 times the salary, and the day shall not be adjusted or changed, and only rest and pay 3 times the salary.
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