OYO Jiudian, the Chinese subsidiary of SoftBank-backed hospitality chain OYO Hotels & Homes, has fired 25 employees, and issued warnings to over 100 more, as the Gurgaon-headquartered company sought to crack down on what it has described as “unethical practices.”
Commenting on the move, the company said, “In a bold move, the committee that has a zero-tolerance policy towards unethical practices has directed the discharge of over 25 employees in China of their duties, for misconduct and issued a strong warning to over 110 employees.”
The company also said that it has set up an integrity committee in China, with representation from select senior leadership members and third-party representatives, as a forward-looking measure to help the company maintain a high level of integrity and transparency in running day to day business.
OYO’s newly constituted integrity committee has been at the forefront of ensuring compliance across all levels of the organization in China.
Sam Shih, COO, OYO China shared, Corruption in any form or denomination, no matter how small, is against the spirit of fairness and transparency and my personal value systems cannot reconcile with letting off someone who disrespects these basic human virtues and values.”
He added, “OYO China intends to lead by example and hence took this bold initiative to set up this integrity committee. While this may seem harsh and unpopular and has already elicited some reactions, the best decisions are the hardest ones. For OYOpreneurs who live by our value systems, focus on great customer experience and ethical dealings with the hotel owners, the world is their oyster and for those that disregard the trust and faith placed in them, even for small transactions, there will be no leniencies. It’s never the quantum but the intent that matters.”