The upcoming new Contract Labor Law is allegedly causing more upheavel as Shenzhen-based leading IT-company Huawei sacked 7,000 of its senior employees, only to rehire them again, write China Tech News. By letting them sign a 'new' labor contract Huawei hopes to erase their labor history and save money on welfare, pension and dismissal funds.
Huawei is said to have spend one billion Renminbi (€ 100 million) on the operation.
The Shenzhen labor department has started an investigation, writes the China Tech News.
Earlier this year also China's central TV, CCTV, fired between 3,000 and 5,000 staff member to avoid trouble with the upcoming labor contract law.
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