Why doesn't Tongling Wanda Technology Co., Ltd. pay the provident fund to its employees?

Tongling Wanda Technology Co., Ltd. does not pay the provident fund to employees because individuals and companies pay the provident fund in equal proportion.

1. The cost of the company that pays the provident fund to employees will increase greatly. Companies with healthy and stable cash flow will generally pay provident fund to employees, and will also pay according to a high proportion and high base. For companies with poor revenue, it is easy for startups to save money in the provident fund.

2. Tongling Wanda Engineering Technology Co., Ltd. was established in April of 0 1998, registered at the junction of Tongxu Road and Xihu Road in Tongling Development Zone, Anhui Province, and its business scope includes general projects: research and development of motors and their control systems. Research and development of mechanical equipment. Research and development of metal products. Hardware product development. Hardware product manufacturing. General equipment for agriculture, forestry, animal husbandry and fishery (excluding special equipment) and special machinery manufacturing. Manufacturing of metal fittings for buildings. Mechanical and electrical equipment manufacturing. Manufacturing of metal cutting machine tools. Building engineering is made by machinery. General parts manufacturing. Metal material manufacturing. Building decoration, plumbing fittings and other metal products for construction. Manufacturing of metal cutting and welding equipment. Manufacturing of special equipment for oil refining and chemical production.