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

According to the head of a global recruitment agency, as a result of the worldwide financial crisis, staff layoffs at a number of multinational companies (MNCs) in the country should present an opportunity for small and medium-sized domestic enterprises (SMEs) to grab whatever talent they can.

CEO of Antal International Tony Goodwin noted that the SMEs should do so before the MNCs realize the potential of Chinese economy Read more…

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China, crisis, layoffs, opportunities, SME, Talent