The Ministry of Civil Affairs and the State-owned Assets Supervision and Administration Commission jointly distributed a document urging the companies to reserve five per cent of their total recruitment for qualified veterans, the ministry announced at a meeting yesterday.
Authorities will check the number annually, state-run Xinhua news agency reported.
"The settlement of the demobilised soldiers matters to defence and military building as well as social harmony and stability,"d civil affairs minister Li Liguo said.
He said the document is an important step in military reform, as it will help manage former soldiers and attract more elite recruits, boosting combat power.
Others will get a considerable compensation based on the duration of their service.
President Xi Jinping announced a cut of 300,000 troops during a Victory Day speech in September.
"All state-owned companies have the responsibility and obligation to accept and settle veterans," the document said.
"Companies directly under the central government should take the lead and guide other companies to implement."
Companies are never allowed to issue any documents deemed discriminatory towards retired soldiers, and can not refuse to receive them or use them as contracted labourers, the documents warned.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
