According to Announcement No. AN-028/2015; Subject Compensation of year 2015, which has been announced the schedule of payment. As currently The Company situation has continued to loss since 2010 to present. The Company had net loss at 127.72 Million Baht in the end of year 2014, and it had an affect on The Company to have deficit at 16.69 Million Baht in the end of year 2014. Based on the mentioned situation it has indirectly impacted to Management Team and all staff who had to perform duties under insufficient cash flow situation, however The Company has been received staff cooperation to accept to reduce their salary from usually based salary. The Company realizes that all staff has sacrificed their income to support the company situation. Management Committees had meeting and resolution that Top Management will be agreed to receive delayed salary payment in April 2016 and May 2016 to bring the money to pay for compensation to all staff as a reward for their hard working and to boost staff morale. The compensation will be paid together with salary in May 2016.
The Company would like to thank you all staff for your commitment to work with LVT, and The Company hope that we will work together to create a stable growth for LVT.
Please be informed accordingly