April 22, 2009

Wal-Mart China management restructuring hits snag

Wal-Mart Inc’s plan to eliminate jobs at its China unit has met with resistance from the up to 1,400 workers involved, the U.S. retailer said on Tuesday.

The company, which has 147 outlets in China and employs over 50,000, is removing a layer of management in its stores, leaving affected employees the option of taking a lower position with lower pay, said a company spokesman.

Wal-Mart is offering the employees the option of moving to a new store but for some people it is difficult to move. It is unknown how many people had accepted the company’s offer but a company spokesman said that negotiations had been going on for several months to find a solution.

Source: Reuters

March 27, 2009

Plantronics to close plant, cut 670 jobs

Plantronics Inc. plans to cut about 670 positions and close its manufacturing plant in Suzhou, China to improve profitability of its Bluetooth headset product line, the company said Thursday.

Santa Cruz[,Calif.]-based Plantronics (NYSE: PLT) said it will outsource production of Bluetooth headsets to an existing supplier in China, where most of the job cuts will take place.

Source:Silicon Valley / San Jose Business Journal

March 25, 2009

Nike pulls output at 4 Asia plants

Nike Inc plans to halt its production at three shoe factories in China and one in Vietnam.

Source: CNBC, Reuters
~News submitted by upthecreek

March 23, 2009

Stimulus? U.S. to buy Chinese condoms, ending Alabama jobs

Filed under: China,General,Manufacturing,US — DF @ 11:16 am
Tags: , , ,

At a time when the federal government is spending billions of stimulus dollars to stem the tide of U.S. layoffs, should that same government put even more Americans out of work by buying cheaper foreign products? In this case, Chinese condoms.

In a move expected to cost 300 American jobs, the government is switching to cheaper off-shore condoms, including some made in China.

Source: The Kansas City Star
~News submitted by upthecreek

February 25, 2009

Lenovo to cut 450 jobs in China

According to Reuters: “Lenovo Group, the world’s fourth-largest maker of personal computers, will eliminate 450 jobs in China, a company official said, as it cuts costs in a bid to return to profitability in 2010.”

February 16, 2009

Motorola Lays Off 1,000 in China

Motorola is reported to have cut 1,000 jobs from its Chinese R&D facility, leaving only about 100 employees at its Wangjing offices. The company hasn’t confirmed the number of employees that were laid off, although a spokesperson for Motorola announced that there had been job cuts.

The spokesperson noted that, “According to Motorola’s financial results for the fourth quarter of last year, the company dismissed 4,000 employees worldwide, including 3,000 employees from the mobile phone unit. But that is a global figure, and we do not have specific figures for China and other regions.”

Source: Softpedia

February 10, 2009

China’s January Exports Fall 17.5%, Most Since 1996

According to Bloomberg: “China’s exports fell by the most in almost 13 years as demand dried up in the U.S. and Europe, worsening the outlook for jobs and industrial production in the world’s third-biggest economy.”

China’s economic slide has already cost the jobs of 20 million migrant workers, adding pressure on the government to boost consumption and expand a 4 trillion yuan ($585 billion) stimulus package. Government researchers have advocated weakening the yuan against the dollar to support exports, a move that could add to trade tensions amid the worst financial crisis since World War II.”

Imports declined 43.1 percent in January from a year earlier, the biggest decline since Bloomberg data began in 1995, on the nation’s waning demand for raw materials for manufacturing and lower commodity prices.”

“China’s industrial output grew 5.7 percent in December, down from 17.4 percent a year earlier.”

“Taiwan’s shipments to the mainland slumped 64 percent in January because of weaker demand for electronic components.”

“Philippine shipments to China fell 58 percent.

“India imposed a six-month ban on imports of Chinese toys last month, citing health concerns.”

Vishay posts loss, sees job cuts

According to Reuters: “Chipmaker Vishay Intertechnology Inc (VSH.N) posted a fourth-quarter loss, said it was evaluating additional plant closures and expects more job cuts, sending shares to their lowest in over 18 years.

The company, which has already reduced close to 9 percent of its workforce in the fourth quarter, said it had laid off 700 more employees in January.”

  • The company employs about 27,900 people across its operations in United States, Europe and Asia.

February 7, 2009

Intel to close unit in Shanghai, cut 2,000 local jobs

According to China Daily: “Intel Corp, the world’s leading semiconductor company, announced on Thursday it will shut a Shanghai Pudong plant as part of measures to streamline manufacturing operations in China.”

“The plant’s closure will affect about 2,000 employees, but they will have options, said Zhang. Intel has already promised to provide post transfers for the workers to the Chengdu plant, Intel’s still-under-construction Dalian plant or other Intel China divisions.”

February 4, 2009

Top 20 Emerging Global Outsourcing Cities

Top 20 Emerging Global Outsourcing Cities in 2008:

1. Cebu, Philippines [Rank in 2007: 4]
2. Shanghai, China [Rank in 2007: 8]
3. Beijing, China [Rank in 2007: 10]
4. Ho Chi Minh City, Vietnam [Rank in 2007: 16]
5. Krakow, Poland [Rank in 2007: 16]
6. Kolkata, India [Rank in 2007: 5]
7. Cairo, Egypt [Rank in 2007: 11]
8. Sao Paulo, Brazil [Rank in 2007: 15]
9. Buenos Aires, Argentina [Rank in 2007: 14]
10. Shenzhen, China [Rank in 2007: 13]
11. Hanoi, Vietnam [Rank in 2007: 12]
12. Chandigarh, India [Rank in 2007: 9]
13. Curituba, Brazil [Rank in 2007: 17]
14. Prague, Czech Republic [Rank in 2007: 20]
15. Pasig City, Philippines [Rank in 2007: 23]
16. Dalian (Dairen), China [Rank in 2007: 18]
17. Coimbatore, India [Rank in 2007: 21]
18. Santiago, Chile [Rank in 2007: 19]
19. Colombo, Sri Lanka [Rank in 2007: 7]
20. Johannesburg, South Africa [Rank in 2007: 25]

Source: India Times

February 2, 2009

Millions jobless in China

Filed under: China,unemployment — DF @ 11:58 am
Tags: , ,

According to AP, Guardian: “A world manufacturing slump eased in January but data showed the global economic downturn, which Beijing said had already cost as many as 20 million jobs, was still in full swing.” […]

“Chen Xiwen, director of China’s Office of the Central Rural Work Leading Group, said a recent survey showed 15.3 percent of the 130 million migrants moving from villages to cities and factories had returned jobless to the countryside.
That, combined with this year’s 6 million to 7 million new entrants in the rural labor market, would leave China with about 25 million jobless and potentially restive rural unemployed this year, Chen said. “

February 1, 2009

Economic crisis: violent unrest in China

Filed under: China,economy,unemployment — DF @ 11:38 am

According to HinduBusinessLine: “The collapse of the export trade in China has left millions jobless and set off a wave of violent unrest in the country. Bankruptcies, unemployment and social unrest are spreading more widely in China than officially reported, according to an independent research that paints an ominous picture for the world economy.

[…] It was found that the global economic crisis has scythed through exports and set off dozens of protests  in three provinces vital to Chinese trade – Guangdong, Zhejiang and Jiangsu are never mentioned by the state media. According to the report in the southern province of Guangdong, three jobless men detonated a bomb in a business travellers’ hotel in the commercial city of Foshan to extort money from the management.”

January 19, 2009

Hong Kong’s unemployment rate rises to 4.1%

Filed under: China,worldwide — 7macaw @ 12:28 pm
Tags: , ,

Hong Kong’s unemployment rate has risen to 4.1 percent, a result of the impact of the global financial crunch, according to official figures released Monday. The unemployment rate increased further from 3.8 percent in September-November 2008 to 4.1 percent in October-December of that year, according to the tallies.

Job losses were most serious in sectors such as decoration and maintenance, restaurants, the import and export trade, transport and manufacturing.

Source: Taiwan News

January 7, 2009

Lenovo is losing ground, will slash 2,500 jobs

According to Forbes: “Three years after its ambitious acquisition of IBM’s PC unit, the Chinese computer maker is losing ground to U.S. and Taiwanese rivals.”

“Lenovo , the world’s fourth-largest computer maker by shipments, warned it incurred a material loss in the fiscal third quarter that ended in December, and it is cutting costs in response. The company will slash 2,500 jobs, or 11.0% of its work force, and reduce executive compensation by 30% to 50%, including merit-based pay and long-term incentives, according to a company statement. It will merge its China and Asia-Pacific operations into an Asia-Pacific and Russia unit.”

Update (Bloomberg): Asian Stocks Decline, Wiping Out 2009 Gains; BHP Slump, Lenovo plunged 22 percent

EMC Will Reduce Work Force by 7 percent

Data-storage firm EMC Corp. (NYSE:EMC) will cut 2,400 positions (7% of its work force) as part of an effort to reduce costs by about $350 million in 2009 and $500 million in 2010.
The restructuring plan will streamline costs to its information infrastructure business and doesn’t include VMware Inc. VMware’s parent company, EMC, owns 85% of the company’s stock, according to WSJ

By rumors, the most job cuts are planned in the company’s IT sector

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