Starting July 1, a landmark regulation will grant independent legal status and injury insurance to workers past retirement age, reshaping relations in the world’s rapidly aging labor market
China begins protecting over-age workers July 1, guaranteeing work injury insurance and core rights for those working past retirement age. The move, part of delayed-retirement reform, could drive up employer costs and temporarily reduce hiring of older workers.
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China is set to implement a landmark regulation next month that aims to protect the basic rights of its rapidly growing cohort of older workers. The move, analysts say, will significantly reshape relations between employers and senior staff, but could also drive up business costs and trigger a temporary hiring contraction for older employees.
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