If the labor contract is not renewed after two labor contracts are concluded, the enterprise shall pay economic compensation.
According to the law, if the employer proposes to terminate the labor contract at the expiration of the term of the labor contract, it needs to pay economic compensation. If the employer terminates or terminates the labor contract in violation of the provisions of the Labor Contract Law, it shall pay compensation to the worker in accordance with twice the economic compensation standard specified in Article 47 of the Law.
[Legal Basis]
According to Article 47 of the Labor Contract Law, economic compensation shall be paid to workers according to the number of years they have worked in the unit and the standard of one month's salary for each full year. If it is more than six months but less than one year, it shall be counted as one year; If the period is less than six months, the employee shall be paid economic compensation of half a month's salary.