Hirschvogel offers redundancy compensation packages that exceed legal standards

Hirschvogel Auto Parts (Pinghu) Co., Ltd. provided a layoff compensation plan that exceeded the legal standard while laying off employees. The specific compensation plan is "N+2, 6.5 months' salary, 2,000 yuan, the total of this month's salary", where "N" represents the employee's years of service in the company. For example, an employee who has served in the company for 20 years may be expected to receive more than 130,000 yuan in compensation.