LAWYER SAYS: INCREASE OF MINIMUM WAGE ADD BURDENS TO ENTERPRISES, LABOUR SHORTAGE CONTINUES

July 09, 2008 | BY

clpstaff &clp articles

Labour intensive enterprises will need to prepare for higher employment costs as the Shenzhen Municipal Government increased the city's minimum wage…

Share:

Labour intensive enterprises will need to prepare for higher employment costs as the Shenzhen Municipal Government increased the city's minimum wage this month.

“The absolute amount of the minimum wage increase this time is the biggest increase since the minimum wage system was established in Shenzhen in 1992, and we think the enterprise labour costs shall increase accordingly,” said Yi Zhou, partner at RayYin & Partners.