LayoffBlog.com

November 18, 2008

China to lay off 3.5m state workers

According to BBC News “China is preparing to cut the state workforce in the latest move to keep economic recession which has gripped South East Asia at bay.The minister of Labour, Li Boyong, said redundancies in the state sector this year were likely to add about 3.5 million to the country’s jobless total.”

China fears fast-rising unemployment could trigger social unrest

China fears fast-rising unemployment could trigger social unrest

Photo: BBC

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