How to Terminate the Employment Contracts Due to Economic Reasons?
Termination of a labor contract is an event that terminates the employment relationship between the employee and the employer. This event might lead to labour disputes. The employer and the employee could consult with lawyers at an employment dispute law firm in Vietnam for advice and representation. What cases of labour contract termination in Vietnam? In particular, there are many cases of termination of labour contracts such as the labour contract expires, the work stated in the labour contract has been completed, both parties agree to terminate the labour contract, the employer lays off the employee due to structural or technological changes or because of economic reasons, merger, consolidation or division of the enterprise or cooperative,… Steps taken to terminate labour contract due to economic reasons In case more than one employee faces the risk of unemployment for economic reasons, the employer shall propose and implement a labor utilization plan in accordance with labour co...