China Sacks Millions
BEIJNG, China (January 9th) – Some 3 million workers may lose their jobs every year until 2006 as China’s over-staffed State firms streamline. State-owned firms are expected to finish restructuring by then, said Zhang Silin, minister of labour and social security. Since 1998,reforms have increased both efficiency and the number of laid-off workers. About 27.8
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