If a hotel closes down and doesn't do it, then the one-year contract signed by employees has not expired. This one?

Article 44 of the Labor Contract Law is terminated under any of the following circumstances (4) The employer is declared bankrupt according to law; (5) The business license of the employing unit is revoked, ordered to close down or revoked, or the employing unit decides to dissolve it early.

Article 46 Under any of the following circumstances, the employer shall pay economic compensation to the laborer: (6) The labor contract is dissolved in accordance with the provisions of Items 4 and 5 of Article 44 of this Law;

When an employee reaches this standard, that is, the contract is terminated, but the employee needs to be compensated financially. Standard Article 47 Economic compensation shall be paid to laborers according to the standard of paying one month's salary for each full year. For more than six months but less than one year, it shall be counted as one year; If it is less than six months, economic compensation of half a month's salary shall be paid to the workers. The monthly salary mentioned in this article refers to the average salary of workers in the twelve months before the dissolution or termination of the labor contract.