Job cutting in financial crisis
March 4th, 2009
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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