2) Identify the cause of the problem - The shut down of the mill - China economic shift , it is from coal and steel, and toward tech and -
finance which go into the shut down of the mill
steel prices fall : The fundamental problem is the mismatch between supply and demand HSBC estimates that Chinese mills are capable of producing about 1.2 billion tonnes of steel a year, but that 400 million tonnes is currently surplus to requirements. A lot of the new supply has been coming onto the market over the last two years, just as demand has started to soften.
3) Alternative solution - Provide training to the employee to develop their knowledge and -
skill . Increase in skill will add on the employee value .
There should be the benchmark in term of rule and regulation which stated the minimum wage and compensation require for the employee .
4) The best solution
- Set a benchmark in term of rule and regulation : every employer need to follow the rule and regulation . The employee must be pay according to the minimum wages. 5) Implementation - Fine the employer who did not follow the rules . It is to protect the employee from being manipulated by the employer or irresponsible party .