Labor & Economic News Blog

Friday, November 21, 2008

Responding to the global economic crisis: Government and unions put job protection first

Responding to the global economic crisis: Government and unions put job protection first
China has pushed through a series of emergency measures to protect jobs and stabilize the economy in the wake of the factory closures and mass layoffs that have swept the country over the last few months. Beijing’s top labour official, Yin Weimin, told a press conference on 20 November that the employment situation was grim and could get worse before the central government’s four trillion yuan economic stimulation package kicks in next year.

 



<< Blog Home

 

This page is powered by Blogger. Isn't yours?