Heavy job cuts in Beijing this year
25/2/2003 16:02
Some 436,000 employees in Beijing will be laid off this year, with the
manufacturing industry the hardest hit, according to the Beijing Statistics
Bureau.
The Beijing manufacturing industry is predicted to cut 45,000
staff members this year, as 48 percent of manufacturing companies reported a
loss.
Some 5,000-10,000 job cuts are expected in the transportation,
storage and postal service industries this year, and 9,000 are expected in the
wholesale, retail trade and food sectors.
Advanced technologies and
increased management experience are cited as the main reasons for the job cuts,
said an industry analyst.
The social service sector is expected to add
some 39,000 jobs this year, more than all other industries. State Party organs,
social communities, educational, cultural, film and television units and
financial insurance sectors will also add jobs this year.
A total of
445,000 people will be recruited in Beijing this year, for a net increase of
10,000 after layoffs.
The Beijing labor market remains very tough this
year, said the analyst.
Wendy Zhang/ Shanghai Daily news
|
