Labor and wage in one member-limited 100% state owned company
Control over labor and wage in one member-limited 100% state owned company is clearly stipulated in the Decree No.86/2007/ND-CP dated May 28, 2007.These companies carry out recruitment following its recruitment regulations and sign contract with employees in line with labor laws. The minimum wage applied for this type of companies is higher than the popular minimum wage stipulated by the Government to make a basis for calculation of wages unite price, provided that 3 conditions required in point a, clause 2, article 4 of this Decree are satisfied. The Decree clearly states control over wage, allowance, wage fund, bonus fund and obligations related to wage and bonus. If a member in Member Board, or firm president, general director or director is responsible for one of the following situations: business losses and state capital loss occur, the company is incapable of paying debt at maturity, ineffective investment project results from their decision, the company fails to withdraw invested capital or pay debts, etc, which is not serious enough to be prosecuted, she/he will get a punishment of receiving no wage increase, no bonus or even less wage. The company has to report annually to its owner the progress of wage payment and the company’s income in the previous year.
The Decree was published in Official Gazette on June 16, 2007 and would take effect in 15 days after.
được đăng bởi kude.punny @ 08:51
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