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Shanghai court eases path to firing senior executives
23/01/2024
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China
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Chantelle Cloete
Chantelle Cloete, Reporter

A landmark decision by a Shanghai appeals court makes it possible for companies to terminate senior executives’ contacts via board decisions.

According to the recently reported dispute, an employee identified only as Lu was appointed the general manager of a trading company in 2015, with an annual salary of RMB44,000 (£4,800) plus sales commission.