If a company lays off employees according to law, it generally does not need to compensate employees, but it should pay economic compensation; In case of illegal layoffs, compensation shall be paid at twice the economic compensation standard. The economic compensation shall be paid according to the standard of one month's salary for each full year of the employee's working years in the unit. The monthly wage refers to the average wage of workers in the twelve months before the termination or dissolution of the labor contract.
Legal objectivity:
(1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees shall be recorded in the basic old-age insurance and basic medical insurance expenses of the employees' personal accounts, and the compensation payable to the employees according to laws and administrative regulations.