http://www.moneymorning.com/2008/01/03/new-labor-laws-and-strengthening-yuan-could-put-the-squeeze-on-chinese-exports/ Investment News Provider Thu, 19 Nov 2009 15:36:16 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.moneymorning.com/2008/01/03/new-labor-laws-and-strengthening-yuan-could-put-the-squeeze-on-chinese-exports/comment-page-1/#comment-9319 Multinational Corporations Step up the Search for the ‘Next China’ Thu, 04 Sep 2008 19:46:32 +0000 http://www.moneymorning.com/2008/01/03/new-labor-laws-and-strengthening-yuan-could-put-the-squeeze-on-chinese-exports/#comment-9319 [...] Earlier this year, revisions to China’s labor laws greatly expanded the rights of workers and incr.... A loophole that had allowed companies to layoff employees hired on temporary or fixed-term basis without compensation has been closed. Workers employed by a company for 10 years are now entitled to one month’s severance pay for every year worked. And employers are required to consult an “employee representative congress” with regard to changes in hours, benefits and compensation. [...] [...] Earlier this year, revisions to China’s labor laws greatly expanded the rights of workers and incr…. A loophole that had allowed companies to layoff employees hired on temporary or fixed-term basis without compensation has been closed. Workers employed by a company for 10 years are now entitled to one month’s severance pay for every year worked. And employers are required to consult an “employee representative congress” with regard to changes in hours, benefits and compensation. [...]

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