beijing to suspend business to raise the minimum wage standards welcomed

August 11, 2009

Beijing to suspend business to raise the minimum wage standards welcomed

Filed under: Financial News — Tags: raise wage — lily @ 6:09 am -0700

Beijing to suspend business to raise the minimum wage standards welcomed
Suspension of the city this year to raise the minimum wage. Yesterday, the City Council relating to the protection of the human resources official, from the beginning of the end of last year the report of the city’s business economy has been laid off, city-related enterprises have laid off 7741 people.

Yesterday, the city held a “working capital, the promotion of harmonious labor relations meeting.” City Security Bureau of Human Resources responsible person revealed that since the second half of last year, with the financial crisis to real economy infiltration, the city quite a number of difficulties encountered by enterprises and laying off workers, layoffs increase. Enterprise reporting from the end of last year the beginning of economic retrenchment, the current city record of 110 enterprises, the reduction of 7741 staff, representing the record companies 22% of the total number of employees, of which more than 50 lay-offs, there are 35.

The official said that the city will further improve the economy of enterprises laid off the record system, including strengthening the monitoring of enterprise and employment; guide enterprises to deal with redundant labor relations staff, payment of financial compensation in accordance with the law; on the staff to provide pre-employment services to help laid off workers re-employed as soon as possible, and so on. At the same time, the city will also suspend the adjustment of the minimum wage standard, and urge enterprises to seriously focus on the implementation of the existing minimum wage.

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