More and more workers in Shanghai have been laid off because of the financial crisis.

As the financial crisis gets closer to the workers’ daily life in Shanghai, the white collar and some gold-collar workers are like toast of the town, feel the pressure from all sectors.

A Shanghai white-collar worker of an American company told us his company has relieved 10 percent of the staff, and there would be more layoffs after the Chinese lunar New Year holidays. Read more…

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China, company, crisis, economy, employees, employers, job, layoffs, Shanghai

As Japanese electronics giant Sony Corp’s major manufacturing centre and one of its key markets, China has about 48,000 employees, more than one quarter of Sony’s global headcount.

But the global recession has also forced Sony to close at least five factories and curb world-wide investment.

It is said that there will be 16,000 people losing jobs since Sonyis reviewing China operations amid a global layoff plan.

Because of the global economic crisis, Sony China said that it will actively support its headquarters in Japan.

Due to the economy slowdown, consumers are no longer willing Read more…

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China, employees, headcount, investment, market, plan, Sony