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Electronics Production | April 12, 2006

Chinese manufacturing becomes<br>more expensive as labor costs rises

With the imminent implementation of the Labor Contract Law in China, the 100,000 Taiwanese companies there will confront stringent conditions in their personnel management and much higher labor costs.

The new law covers a wide range of labor-related affairs, including lay-off, severance pay, massive layoff, temporary help supply (THS), and competitive clause, whose contents are even more stringent than Taiwan. In the future, Taiwanese businesses in China will not be able to dismiss their employees recklessly, and will have to pay severance pay to laid-off employees, which will boost their personnel costs considerably. Click here to read more at EMSnow.com
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October 11 2019 3:09 pm V14.5.0-1