Indian firms jolted by China's social security plan

Discussion in 'Economy & Infrastructure' started by Yusuf, Oct 28, 2011.

  1. Yusuf

    Yusuf GUARDIAN Administrator

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  3. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    My old company is going to fire every foreigner at that place. :laugh: I knew it was a good time to get out.
     
  4. amoy

    amoy Senior Member Senior Member

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    For local staff, on top of them there's a "housing fund" to which employees contribute 12% (varying subj to location/company) of salary, and employers put up another 12%
     
  5. no smoking

    no smoking Senior Member Senior Member

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    so, your old company didn't provide any social security cover for its foreign staff? Wait a minute, did you realy work in china?
     
  6. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    No it didn't. It was never required by the company to do so until now. You never known a foreigner in China? You really live there? :laugh:
     

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