What about the wages of employees whose property companies have closed down?

First, what about the wages of employees of closed companies?

When the company is facing bankruptcy or insolvency, employees are prone to panic. Not only are they unemployed, but they may not get their hard-earned wages.

Therefore, Article 113th of the Bankruptcy Law stipulates that the bankruptcy property shall be paid off in the following order after paying off the bankruptcy expenses and * * * interest debts:

(1) Wages, medical care, disability allowance and pension expenses owed by the bankrupt to employees, basic old-age insurance and basic medical insurance expenses owed to employees' personal accounts, and compensation that should be paid to employees according to laws and administrative regulations;

(2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph;

(3) Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion. According to the legal provisions of this article, the assets of bankrupt enterprises should first pay the wages and resettlement of employees.

Second, the scope of compensation that employees can get.

According to the enterprise bankruptcy law, employees can get the following compensation:

1. Wages, medical care, disability allowance and pension expenses owed by the company to workers.

Wages should generally include hourly wages, piece-rate wages, funds, allowances and subsidies, but non-labor income and labor protection expenses are not included in the wage range. If it is a company executive, the salary is calculated according to the average salary of enterprise employees. Medical and disability benefits are the social security benefits that employees should enjoy according to the medical security system during their employment or the benefits that they should receive due to industrial accidents during their work. Pensions are pensions that employees' families should enjoy after work-related injuries and deaths.

2. The basic pension and medical insurance fees owed by the company to employees should be included in your personal account. If the company's asset-liability ratio is high, it can also get other expenses that should be included in the social pooling account, but from the bankruptcy practice, the expenses included in the social pooling account are generally not available (because social pooling insurance is the second in the liquidation order in the bankruptcy law).

3. The compensation that should be paid to workers according to laws and administrative regulations.

According to the Measures for Economic Compensation for Violation and Termination of Labor Contract, it specifically includes: compensation payable for termination of labor contract; Compensation payable for withholding or arrears of wages; Compensation payable for the termination of the labor contract; Other compensations that should be paid according to laws and regulations. The above compensation is limited to the compensation stipulated by laws and administrative regulations, and the compensation paid to workers according to local regulations and rules does not enjoy priority.

The above is what I collected about the handling of employees after the company closed down. When I encounter a salary settlement dispute of employees after the company closed down in my life and need the help of a lawyer, I can come to a professional lawyer for one-on-one consultation.