FROM APRIL 01, TO PILOT IMPLEMENTATION ON LABOR MANAGEMENT AND WAGE IN 3 ECONOMIC GROUPS AND CORPORATION
On February 17, 2020, the Government issues the Decree No. 20/2020/ND-CP on pilot implementation of labor management, wage and bonus for a number of economic groups and state corporations.
Accordingly, to pilot implementation on labor management, wage and bonus in 2020 at Vietnam Posts and Telecommunications Group, the parent company - Vietnam Airlines Corporation - CTCP, the parent company - Viet Nam Air Traffic Management Corporation as follow:
The corporation shall formulate the plan of labor to serve as a basis of labor recruitment. In case the labor recruitment excesses the employment demand and lead to labor contract termination and causes increasing on corporation’s expense, the Director General shall have to bear responsibility (including deduction of wage and bonus) before the Members’ Council or the Board of Directors of such corporation.
A remarkable provision is that the Government stipulate the basic wage of the Chairperson of the Members’ Council, the Board of Directors of type 1 corporation is VND 70 million per month; members of the Members’ Council, the Board of Directors, the head of the Supervisory Board is VND 60 million per month; Supervisors is VND 50 million per month. In which, type 1 corporation shall has equity capital of VND 10,000 billion or more; turnover is from VND 30,000 billion or more and has 10 focal management agencies or has the total number of employees of 5,000 or more people.
This Decree takes effect on April 01, 2020.
