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March 2003 Issue

Bulletin

IMPACT ON BUSINESSES OF MASS REDUNDANCY LAW

The Protective Law for Mass Redundancy of Employees (PLMRE) was promulgated by the President on 7 February 2003. To give busi-nesses a buffer period in which to prepare themselves, the PLMRE will not come into ef-fect until three months after the promulgation date. The PLMRE mainly prescribes procedures to be followed by business entities before mak-ing redundancy that meet the definition of a mass redundancy. The provision ... More

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