Union wage: companies face negotiations for pay scales

Article Abstract:

The new wage policy by China's Labor Bureau orders foreign companies to employ collective bargaining in establishing employees' salaries in China. The regulation also indicates wage guidelines for government enterprises employees. It obliges foreign-invested enterprises to compensate workers according to scales mutually agreed upon by the companies and the labor unions and approved by the local government. The new regulation is expected to be initiated in the provinces of Chengdu, Shenzhen and Beijing.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Collective Bargaining Regulatn, China, Laws, regulations and rules, Labor law, Wages, Wages and salaries, Collective bargaining, Foreign business enterprises

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Glorious Sun looks bright, and analysts say it's hot

Article Abstract:

The Glorious Sun Enterprises Ltd. department store of Hong Kong seems impervious to the regional crisis and a local economic slowdown. Analysts believe that the firm's stocks are a good buy due to its outstanding performance. Glorious Sun officials have announced its plans to expand its JeansWest store chains in China and Australia to 600 by the end of March 1998. Some critics, however, do not think the firm can sustain the projected level due to China's decreasing growth.

Retail Store Chains, Management, Hong Kong, Chain stores, Clothing stores, Glorious Sun Enterprises Ltd.

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