Home>>China
Last updated at: (Beijing Time) Saturday, March 15, 2003

Beijing Tipped to Lay off 430,000 Employees in 2003

The Beijing municipal statistics bureau predicts that more than 430,000 people in the city may lose their jobs this year, the Beijing Science and Technology News reports.


PRINT DISCUSSION CHINESE SEND TO FRIEND


The Beijing municipal statistics bureau predicts that more than 430,000 people in the city may lose their jobs this year, the Beijing Science and Technology News reports.

Traditional and highly competitive industries are likely to be affected, with the most severely hit the manufacturing industry, tipped to cut 45,000 jobs.

Industries that operate under intense competition like transport, storage and postal services are each expected to lay off 10,000 employees.

Slightly better off are the wholesale and retail business sector and the restaurant sector, which are expected to lay off 9,000 employees each due to the application of technology and improved management.

However, in some other promising industries, job opportunities are expected to increase. The social services sector, for instance, is set to be a primary employment channel with an extra 39,000 job vacancies this year.

Other areas where staff are likely to expand include government institutions, social organizations, the educational and cultural sector, the film and television industry, and the finance and insurance industry.

Predictions are that Beijing will create 445,000 new job opportunities this year. However, the labor market was not looking positive since after deducting expected job losses, only just over10,000 jobs would be added from last year's base figure, the paper says.


Questions?Comments? Click here
    Advanced








 


China Warns US not to Send Wrong Signals to Taiwan ( 3 Messages)

Germany smashes US Fancy of Submarine Sale to Taiwan ( 2 Messages)

Who'll Pay Money for US-Planned 'Toppling Saddam'? ( 7 Messages)

Chinese Scientists Refute US Claims on Rocket Data Transfer ( 3 Messages)

Traditional Chinese Medicine Grabs World Attention ( 16 Messages)



Copyright by People's Daily Online, all rights reserved