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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3063)	4/13/2004 12:22:07 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Finally, a right move --China plans to slow factory closures to save jobs 13 April 2004 BEIJING: China, struggling to keep unemployment in check, plans to slow down state-owned enterprise closures and is considering making it harder for companies to sack workers. "We should not only focus on job creation but also to help working people keep their jobs," vice minister of Labour and Social Security Shang Xiaojian said. The government would slow the pace at which it is closing inefficient state-owned enterprises to encourage them to employ workers in subsidiaries rather than lay them off, Zhang said. The government was also drafting measures that would require companies to seek approval from official trade unions before firing staff. China is aiming to keep its registered urban jobless rate at under 4.7 per cent, but that goal is under pressure from factory closures, farmers looking for work in the cities work and job-hunting college graduates. Some analysts say the jobless rate is much higher. Millions are laid off each year from reforming state-owned companies, leading to sporadic protests and raising fears of more widespread unrest. The Ministry of Labour and Social Security was drafting the measures which the newspaper said would be included in a "government control system" within two or three years, the newspaper said. The government aims to create nine million new jobs this year, but Labour Minister Zheng Silin said it would be difficult because the goal for national economic growth was 7 per cent, down from the eye-popping 9.1 per cent reached in 2003. stuff.co.nz