The transfer of the company does not affect the performance of the labor contract and does not require compensation. When the employer needs to pay economic compensation, it belongs to the employer's non-fault dismissal, and the economic compensation is paid to the laborer according to the standard of paying one month's salary every full year.
Legal basis:
Article 33 of People's Republic of China (PRC) Labor Contract Law
Changes in the name, legal representative, principal responsible person or investor of the employing unit shall not affect the performance of the labor contract.
Article 34 of People's Republic of China (PRC) Labor Contract Law
Where the employing unit is merged or divided, the original labor contract shall remain valid, and the labor contract shall continue to be performed by the employing unit that inherits its rights and obligations.
Article 35 of People's Republic of China (PRC) Labor Contract Law
The employer and the employee may change the contents of the labor contract through consultation. Changes to the labor contract shall be made in written form.