What does the enterprise restructuring in China mean?

Legal analysis: In China, enterprise restructuring can be divided into two ways: overall restructuring and partial restructuring: 1. Overall restructuring refers to the overall transformation into a standardized enterprise that meets the requirements of modern enterprise system based on all assets of the enterprise through asset reorganization. 2. Partial reorganization refers to the reorganization of an enterprise with part of its assets, and the establishment of a new enterprise by absorbing investment from other shareholders or transferring part of its equity, while the original enterprise remains unchanged.

Legal basis: Article 18 of the Company Law of People's Republic of China (PRC) * * The employees of the company organize trade unions in accordance with the Company Law of People's Republic of China (PRC) and the National Trade Union Law to carry out trade union activities and safeguard the legitimate rights and interests of employees. The company shall provide necessary conditions for the activities of the trade union. On behalf of employees, the trade union of the company signs collective contracts with the company on matters such as labor remuneration, working hours, welfare, insurance and labor safety and health. According to the provisions of the Constitution and relevant laws, the company implements democratic management through workers' congresses or other forms. When studying and deciding on major issues in restructuring and operation, and formulating important rules and regulations, the company shall listen to the opinions of the company's trade unions, and listen to the opinions and suggestions of employees through the workers' congress or other forms.