Practice and Procedures for Termination of Employees Due to Financial Difficulties in China – Part 1

May 20th, 2009  by China Business Success Stories
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Practice and Procedures for Termination of Employees Due to Financial Difficulties in China – Part 1In light of the financial downturn, many foreign invested and domestic companies in China have been laying off their employees in masses. Though much of the focus has been in the manufacturing sector with stories of massive lay-offs and factory shutdown, very few industries will be completely immune to the downturn - forcing many employers to consider downsizing as an option to weather the storm. This, coupled with the…

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