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Tuesday 10 February 2009
20pc of Guangdong firms ‘plan to cut staff’
One in five firms in the ailing export hub of Guangdong may soon lay off workers, an official labour survey showed, further straining the job market as millions of migrant workers seek work amid the export slump.
One in five firms in the ailing export hub of Guangdong may soon lay off workers, an official labour survey showed, further straining the job market as millions of migrant workers seek work amid the export slump.
Guangdong, which makes around a third of the mainland’s exports, has seen thousands of factories close as western demand for mainland-made products shrivels from the global economic slowdown.
According to the results of a wide-ranging survey in Guangdong by labour authorities – of some 397 firms employing more than 260,000 workers – 20 per cent said they might cut staff in the first quarter, the Southern Metropolis Daily reported.
In recent weeks, millions of migrant workers have been returning to the province from their annual Lunar New Year holidays despite bleak job prospects at Pearl River Delta factories, raising the risk of social tensions.
The head of Guangzhou’s Human Resource Market Service Centre, Zhang Baoying, who announced the survey results said the unemployment situation would worsen in the coming months.
“The old [workers] are coming back, and new ones keep coming. The Pearl River Delta’s employment pressure isn’t decreasing. It is in fact increasing,” Mr. Zhang was quoted as saying.
Guangdong’s Employment Service Bureau estimates that of the 9.7 million or so workers coming back to the province after the holidays, around 2.6 million are newcomers or laid off workers who don’t have any immediate jobs to return to.
The average wages of workers were also found to have fallen 10 per cent to 1,050 yuan (US$153.7), while just 58.7 per cent of firms were looking to hire new staff – a drop of 11 percentage points from the same period last year, the survey showed.
To cope with the exodus, Guangdong labour authorities are planning a slew of job fairs, though demand for work appears to be far less than supply – even among fresh graduates.
The newspaper reported that large numbers of university graduates were increasingly frequenting job fairs normally meant for rural labourers and farmers.
Some students were quoted as saying they could not be picky given the financial crisis, and needed to downgrade their expectations for now, and be content with blue-collar work.
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20pc of Guangdong firms ‘plan to cut staff’
Reuters in Hong Kong
9 February 2009
One in five firms in the ailing export hub of Guangdong may soon lay off workers, an official labour survey showed, further straining the job market as millions of migrant workers seek work amid the export slump.
Guangdong, which makes around a third of the mainland’s exports, has seen thousands of factories close as western demand for mainland-made products shrivels from the global economic slowdown.
According to the results of a wide-ranging survey in Guangdong by labour authorities – of some 397 firms employing more than 260,000 workers – 20 per cent said they might cut staff in the first quarter, the Southern Metropolis Daily reported.
In recent weeks, millions of migrant workers have been returning to the province from their annual Lunar New Year holidays despite bleak job prospects at Pearl River Delta factories, raising the risk of social tensions.
The head of Guangzhou’s Human Resource Market Service Centre, Zhang Baoying, who announced the survey results said the unemployment situation would worsen in the coming months.
“The old [workers] are coming back, and new ones keep coming. The Pearl River Delta’s employment pressure isn’t decreasing. It is in fact increasing,” Mr. Zhang was quoted as saying.
Guangdong’s Employment Service Bureau estimates that of the 9.7 million or so workers coming back to the province after the holidays, around 2.6 million are newcomers or laid off workers who don’t have any immediate jobs to return to.
The average wages of workers were also found to have fallen 10 per cent to 1,050 yuan (US$153.7), while just 58.7 per cent of firms were looking to hire new staff – a drop of 11 percentage points from the same period last year, the survey showed.
To cope with the exodus, Guangdong labour authorities are planning a slew of job fairs, though demand for work appears to be far less than supply – even among fresh graduates.
The newspaper reported that large numbers of university graduates were increasingly frequenting job fairs normally meant for rural labourers and farmers.
Some students were quoted as saying they could not be picky given the financial crisis, and needed to downgrade their expectations for now, and be content with blue-collar work.
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