Discussion on the "Labor Contract Law" about Economic Layoffs

The "Labor Contract Law" promulgated in June 29, 2007 on the basis of the "Labor Law" made significant improvement for economic layoffs system. While the relaxation of the premise and substantive conditions layoffs, program from economic layoffs were strict regulations. Overall, the balance between the interests of enterprises and workers, both companies can clearly be downsizing according to the need for competition, but also to ensure that retrenched workers compensation, individual special group entitled to special protection. This article through the relevant provisions of the "Labor Contract Law," the analysis set in the new economic context how companies apply economic layoffs provisions; the government should economic layoffs provisions for what alternative explanation, as well as corporate social responsibility-sharing; workers as an important part of economic layoffs, how to safeguard their own interests in the case of economic layoffs.