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1. Lenovo Cuts 2,500 Jobs
(News/News January 2009)
Lenovo, the world's fourth largest computer maker, will cut 2,500 jobs and decrease spending by USD300m, the company said in a statement posted on the Hong Kong Exchange website.   The C
Thursday, 08 January 2009

...rtedly expected to announce a restructuring plan that could include changes in the top management and job lay-offs. In September, Lenovo posted a 78 per cent drop in net profit, to USD23.44m, for t...
Monday, 05 January 2009

The news in recent days has been truly shocking. Nine million migrant workers out of jobs in coastal areas have returned to their home provinces, urban unemployment is actually about 9.4 per cent &nda
Wednesday, 31 December 2008

4. 2008: The Year That Did Not Go To Plan
(News/News December 2008)
...ion ‘stimulus’ package comprised of infrastructure development programmes to both provide jobs and support economic growth. Interest rate cuts and tax reforms were enacted, and banks ar...
Sunday, 28 December 2008

...d to pay hundreds of billions of RMB less in insurance and pension payments while tens of millions of jobs can be secured," the three Ministries said. However, only companies that do not lay of...
Sunday, 28 December 2008

...d to pay hundreds of billions of RMB less in insurance and pension payments while tens of millions of jobs can be secured," the three Ministries said. However, only companies that do not lay of...
Tuesday, 23 December 2008

...w Growth http://www.bizchina-update.com/content/view/1538/2/ South China: Millions Of Jobs Are At Stake http://www.bizchina-update.com/content/view/1514/2/ More Lay-O...
Monday, 22 December 2008

...l Deficits http://www.bizchina-update.com/content/view/1703/2/ Hong Kong Losing 1,000 Jobs A Week http://www.bizchina-update.com/content/view/1669/2/ ...
Wednesday, 17 December 2008

9. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...tened," state media quotes a senior lawmaker. Some 24 million people will compete for 12 million jobs in 2009, the Ministry of Human Resources and Social Security said. China's current unemploy...
Sunday, 14 December 2008

...es, the South Morning Post reports. The government also said it plans to create more than 60,000 new jobs. "We must be prepared that the next 12 months will be very tough as we see the first e...
Sunday, 14 December 2008

...ed the uncertainty that lies ahead as the city’s pivotal banking industry prepares to shed more jobs. This Sunday, however, all bets are off – or, more accurately, on – for th...
Sunday, 14 December 2008

...8 Billion CCB Shares http://www.bizchina-update.com/content/view/1612/2/ Hong Kong Losing 1,000 Jobs A Week http://www.bizchina-update.com/content/view/1669/2/ ...
Saturday, 13 December 2008

13. Dupont Considers Job Cuts In China
(News/News December 2008)
More talk of big company job losses in China. Dupont is rumoured to be cutting jobs in China and other Asian countries, Reuters quotes a senior manager. The chemical company also announced it will hol
Friday, 12 December 2008

14. Siemens Denies Job Cut Rumours
(News/News December 2008)
Hao Ruiqiang, CEO of Siemens China, said the company is not planning to axe 10,000 jobs in China, contrary to reports in local media. He added that "the news is untrue" and that Siemens &quo
Thursday, 11 December 2008

15. Amway Expands, HK Supports SMEs
(News/News December 2008)
...es, the South Morning Post reports. The government also said it plans to create more than 60,000 new jobs. "We must be prepared that the next 12 months will be very tough as we see the first e...
Wednesday, 10 December 2008

Flextronics Prepares for Beijing Job Cuts Singapore-based Flextronics, one of the world's leading electronics manufacturing services providers, is closing its Beijing R&D department, and will cu
Tuesday, 09 December 2008

...exclusive right on the trademarks in China until 2013.   Ernst & Young Cuts Beijing Jobs After months of industrial closures across China, job cuts are now occurring in the main ...
Sunday, 07 December 2008

18. Hong Kong Losing 1,000 Jobs A Week
(News/News December 2008)
A new survey claims that Hong Kong is losing nearly 1,000 jobs a week in what is perceived as the biggest economic downturn since the SARS crisis in 2003.   The survey, carried out by th
Thursday, 04 December 2008

Ernst & Young Cuts Beijing Jobs After months of industrial closures across China, job cuts are now occurring in the main urban centres. Ernst & Young has laid off more than 50 auditors at it
Wednesday, 03 December 2008

...ntil 31 October 2010.  Organisers are expecting to attract 70 million visitors. HK’s Jobless Rate Rises The seasonally adjusted unemployment rate in Hong Kong rose to 3.4 per cent...
Sunday, 23 November 2008

21. China Expects Higher Unemployment
(News/News November 2008)
The urban jobless rate in China is likely to rise above 4.5 per cent in 2009 as the global economic slowdown hits Chinese industries. The employment situation is "severe and the impact is still d
Friday, 21 November 2008

... 573.2 bn in the same period. The UK remains third placed with USD338.4bn.   HK’s Jobless Rate Rises The seasonally adjusted unemployment rate in Hong Kong rose to 3.4 per cent...
Thursday, 20 November 2008

23. Layoffs Need Approval, BoA Buys CCB Shares
(News/News November 2008)
...ei province need governmental approval for mass layoffs. In Shandong, where reportedly the number of jobless people rose by 680,000 in the first nine months in 2008, firms letting go more than 40 w...
Wednesday, 19 November 2008

...w Growth http://www.bizchina-update.com/content/view/1538/2/ South China: Millions Of Jobs Are At Stake http://www.bizchina-update.com/content/view/1514/2/ More Lay-O...
Thursday, 13 November 2008

...ial Heat http://www.bizchina-update.com/content/view/1527/2/ South China: Millions Of Jobs Are At Stake http://www.bizchina-update.com/content/view/1514/2/ More Lay-O...
Wednesday, 05 November 2008

...ading? http://www.bizchina-update.com/content/view/1416/44/ South China: Millions Of Jobs Are At Stake http://www.bizchina-update.com/content/view/1514/2/ BEP Shut...
Thursday, 30 October 2008

27. Hong Kong Feels The Financial Heat
(News/News October 2008)
...ed closures of several of their production plants - causing several thousands of people to lose their jobs in neighouring Guangdong province. Closures are not only affecting China. Hong Kong and...
Tuesday, 28 October 2008

...'s stock markets. Guangdong Reports Export Growth In spite of the recent company closures and job losses, exports from China's southern province Guangdong hit USD39.1 bn in September, a new ...
Sunday, 26 October 2008

Millions of workers could lose their jobs in South China as thousands of factories will be forced to close down in the months to come, according to new industry estimates.   Some 9,000 o
Saturday, 25 October 2008

...ptember.   Guangdong Reports Export Growth In spite of the recent company closures and job losses, exports from China's southern province Guangdong hit USD39.1 bn in September, a new ...
Friday, 24 October 2008

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