Making Sense of HR: How to Handle Mass Layoff in China
As China’s economy matures dramatic increase in real manufacturing wages with slowing external demand is putting pressure on companies which are facing the reality that “Made in China” is not so cheap anymore. But as the pressure to become profitable increases, many organizations have had to rethink their workforce strategies, often making changes that are disruptive and painful, turning to strategic transformations that result in mass-scale firings. If your company has considered the alternatives and a mass layoff is still the best option, make sure you are on solid legal ground before you do anything.