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China: Canon's Large Severance Packages Make Chinese Think Again

Canon Zhuhai Co., Ltd., a subsidiary of Canon located in Zhuhai, China, announced its closure and a large severance package for departing employees. The minimum severance for each employee is 300,000 yuan ($47,381), and management staff can receive up to one million yuan ($157,938) in compensation. It has caused Chinese netizens to speak up about the "conscience enterprise" and the culture of gratitude. ....

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