layoffs
China to Consolidate State-Owned Firms to Prevent Massive Layofffs
| Charissa Echavez | | Mar 13, 2016 03:40 AM EDT |
China is planning to reorganize and merge the largest state-owned companies in the country in order to cut down overcapacity in the $18 trillion sector without seeing massive layoffs, a senior official revealed.
Anticipated Layoffs in China may not Happen as Companies Adopt Measures; $15.4B to be Allocated for Laid-Off Workers
| Jenia Cane | | Mar 07, 2016 07:27 AM EST |
The anticipated massive layoffs in China in the coming years may not happen as companies have adopted measures to avoid such a scenario. Meanwhile, the central government is reportedly setting aside a budget of $15.4 billion (100 billion yuan) to help out the families and workers that could be affected by the job cuts.
IBM to Remove 26% of Staff in Largest Employment Purge
| David Curry | | Jan 26, 2015 11:34 AM EST |
IBM is preparing to lay off 26 percent of its staff in the largest culling of employees ever, due to 11 straight quarters of declining revenue.
Subscribe to CHINATOPIX !
Sign up for our free weekly newsletter for the latest in-depth coverage!
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?
