With the continual development of new technology, rapid changes in the global economy, the constant threat of competition and a slowing local market, many companies are faced with the challenge of restructuring their business operations in China in order to cope with these new changes. Such restructurings may include: converting a Sino-foreign joint venture into a wholly foreign-owned enterprise; moving location to achieve expansion, be closer to clients, distributors and suppliers, or to take advantage of lower land leasing costs; or closing specific production lines with out-of-date technology.
Business restructuring projects almost inevitably result in labour force downsizing. The legal regime in China is very p…
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