The company closed down and its employees were dismissed. Do you need compensation?

If the company is going to close down, it is necessary to pay economic compensation for dismissing employees. 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. For more than six months but less than one year, it shall be counted as one year; If it is less than six months, economic compensation of half a month's salary shall be paid to the workers.

What are the circumstances of dissolving labor relations?

(a) the expiration of the labor contract;

(two) workers began to enjoy the basic old-age insurance benefits according to law;

(3) The laborer dies, or is declared dead or missing by the people's court;

(4) The employing unit is declared bankrupt according to law;

(5) The business license of the employing unit is revoked, ordered to close down or revoked, or the employing unit decides to dissolve in advance;

(6) Other circumstances stipulated by laws and administrative regulations.

What are the situations in which a company can unilaterally dismiss employees?

In any of the following circumstances, the employer may terminate the labor contract:

(a) during the probation period, it is proved that it does not meet the employment conditions;

(two) a serious violation of the rules and regulations of the employer;

(three) serious dereliction of duty, corruption, causing great damage to the employer;

(4) The laborer establishes labor relations with other employers at the same time, which has a serious impact on the completion of the work tasks of the unit, or the employer refuses to correct it;

(5) The labor contract is invalid due to legal circumstances;

(6) Being investigated for criminal responsibility according to law.

In China, the company's business license is revoked or dissolved for other reasons, which will lead to the termination of labor relations, but the company still needs to pay compensation to employees. As can be seen from the legal provisions, the compensation to be paid by the company when the labor relationship is terminated is not fixed, and employees can calculate it according to their actual situation.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 46 of People's Republic of China (PRC) Labor Contract Law

In any of the following circumstances, the employing unit shall pay economic compensation to the workers:

(4) The employer terminates the labor contract in accordance with the provisions of the first paragraph of Article 41 of this Law;

(5) Terminating a fixed-term labor contract in accordance with the provisions of the first paragraph of Article 44 of this Law, except that the employer maintains or improves the conditions stipulated in the labor contract to renew the labor contract and the employee does not agree to renew it;

(6) The labor contract is terminated in accordance with the provisions of Item 4 and Item 5 of Article 44 of this Law.

Article 47 of People's Republic of China (PRC) Labor Contract Law

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. For more than six months but less than one year, it shall be counted as one year; If it is less than six months, economic compensation of half a month's salary shall be paid to the workers.