Attempting to end a four-day worker walkout at its Gaobu factory in Guangdong Province, China, YY said it would adjust the employee benefits of these workers in accordance with local government policies on May 1, but warned the added cost “may have a material adverse effect on the financial performance of the Group.” Independent labor groups pegged the total cost of YY’s additional contributions for employee social insurance and housing costs could be in the range of 100-200 million yuan ($11.7-23.4 mm) if they include years of ... Log in to view full article.