Practice and Procedures for Termination of Employees Due to Financial Difficulties in China – Part 2

May 27th, 2009  by China Business Success Stories
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Practice and Procedures for Termination of Employees Due to Financial Difficulties in China – Part 2Termination due to financial difficulties

Under the second financial difficulties option, Article 41 of the PEL provides that employer may terminate employees without their consent. Under this option, employment may be terminated and, but for a one time severance compensation to be paid at the time of termination, the employer will no longer be required to…

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