If employees of state-owned enterprises retire internally, will there be any recruitment plans?

The purpose of the state's internal retirement policy is to reduce employees, increase efficiency, and develop production. The policy provisions on early retirement of enterprise employees are aimed at enterprises with surplus personnel. Employees who are old, frail, and sick and cannot adapt to the intensity of work can enjoy early retirement benefits if they voluntarily apply. While promulgating the domestic withdrawal policy, the state also emphasized that enterprises are strictly prohibited from handling domestic withdrawals beyond the provisions of the State Council.

In the restructuring and reorganization of state-owned enterprises, any matters involving the vital interests of employees, such as employee placement and redundant personnel, must be discussed and approved by the workers' congress. The prerequisite for the restructuring of state-owned enterprises is to protect the legitimate rights and interests of employees.

After 5 years of internal retirement, employees should go through formal retirement procedures and end the internal retirement status of the enterprise. Employees who are within five years of statutory retirement or who have served for more than 30 years can implement an internal retirement policy upon agreement with the company. During the period of early retirement, the enterprise will pay monthly living allowances and various social insurance premiums. The living expense standard is determined by the enterprise through negotiation with the internal retirees based on the enterprise's ability to pay, but the minimum must not be lower than the living expenses standard for local laid-off employees in the first year, that is, 120% of the local unemployment insurance standard.

When the enterprise is restructured, internal retirees can also receive a one-time living allowance, and the enterprise prepays the social insurance premiums payable in one lump sum to terminate the labor relationship. For those enterprises that are converted into non-state-owned enterprises, upon agreement between the enterprises before and after the restructuring, the funds required for internally retired personnel can be allocated to the enterprises after the restructuring in one go, and the enterprises after the restructuring will pay monthly living expenses and social insurance premiums for them.