There are numerous reasons that can occur that have nothing to do with the employees’ work performance, such as political instability, change in regional focus or business efficiency.
One of the decisions to make can be whether to close a branch where a company has set up a legal entity, and no longer needs a formal corporate presence in the country. In that case, the company will need to find a way to retain and keep paying key employees. There are important choices to make about how to handle existing personnel, especially if they have a valuable skill set or are a key team member.
How to continue employing your employees when closing an overseas branch
If your company has reached the point of closing a branch in a foreign country you will have a few options for keeping all or a few of your employees.
End the employment and hire them as a contractor
One simple solution is to lawfully terminate your employee, and then re-hire them as a... read more
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