Recent Developments in Compensation for Former Employees of Jue Yue After the Company was Decided Not to Renovate but to Lay Off:
According to 21st Century Business Herald, the former employees of Jue Yue have made significant progress in their claim for rights in a recent working group session. Under the mediation of the authorities, the company has agreed to provide economic compensation in accordance with the 'N+1' standard. Specifically, 'N' represents the length of service from the starting date until December 20th, 2024, and '1' denotes the basic salary and allowances (including living and meal allowances) of the previous month. Unenjoyed annual leave and recreational leave up to the date of departure are also calculated accordingly.
It appears to be a good news for the former employees who encountered financial difficulties after losing their jobs.