综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Report: Layoffs may loom next year

By Zheng Yangpeng (China Daily) Updated: 2015-12-17 07:59

China's "invisible unemployment" will become more visible next year, a top Chinese think tank's report warned, as it urged the government to allow more unviable State-owned enterprises to go under.

Invisible unemployment has been the topic of heated discussion recently. In contrast to outright layoffs, invisible unemployment is the practice by which profit-losing State-owned enterprises adopt a strategy of idling employees while giving them part of their wages. They do so due to pressure from employees as well as from authorities to prevent social unrest.

However, the annual economic forecast from the Chinese Academy of Social Sciences predicts that because of the glut of capacity in the heavy industry sector, more SOEs in the sector will "inevitably" face restructuring and bankruptcy next year, and lay-offs will increase.

"With the export sector encountering difficulties as more labor-intensive companies move abroad, jobs created by the sector will drop. However, the service sector will provide more jobs," the report said.

The warning came as Wuhan Iron & Steel Co, a major SOE, reportedly plans to slash 6,000 jobs in three months, while its parent company might cut 11,000 jobs and reduce salaries by 20 percent next year.

Wuhan Iron & Steel spokesman Sun Jin said the company is planning a "human resources optimization". The changes will differ from layoffs, since they won't alter workers' "salaries or organizational relationships" with the company, and the company would still fund their insurance and pension plans, Sun said.

Analysts said this appears to be a typical "invisible unemployment" case.

In the first three quarters, the company had a net loss of 1 billion yuan ($155 million), while the sale of every metric ton of steel incurred a loss of 32 yuan, according to the company's financial report.

Zhou Fangsheng, deputy director of the China Enterprise Reform and Development Society, said his recent survey of Northeast China found that the percentage of SOEs losing money is catching up with the level of the late 1990s, the worst period for SOEs, when 39.7 percent faced losses. Many companies have halted or partially ceased production, which has delayed wage payments.

The CASS report urged the government to give bankruptcy of SOEs a higher priority next year. Failure to do so will "amplify the risks of market-oriented reform", it warned.

Hot Topics

Editor's Picks
...
丹凤县| 松江区| 阿克| 昌邑市| 双流县| 江北区| 江阴市| 鄄城县| 桂平市| 普兰县| 太仆寺旗| 黄山市| 通道| 宁都县| 津市市| 嘉峪关市| 交城县| 右玉县| 康马县| 揭东县| 苍梧县| 涟水县| 芒康县| 渑池县| 武平县| 小金县| 徐州市| 新竹市| 文登市| 鹿泉市| 仁寿县| 墨脱县| 突泉县| 仙桃市| 秭归县| 合肥市| 乌鲁木齐市| 新乡县| 专栏| 梓潼县| 扎赉特旗|