Guangdong Set up Fund to Help Unemployed Workers

Resources on Business with China - Written by zhangmeis on 星期一, 10月 20, 2008 22:50 - 0 Comments

2008724102311031

Last week, hundreds of unemployed workers took to the streets demanding a toy factory of the unpaid salary. The plant’s closure is attributed to a decline in demand from the United States.

Guangdong Provincial Labor and Social Security and Provincial Development and Reform Commission are to establish a benefit fund to help non-payment of wages for workers in financial difficulties.

Youjun Liu, the head of the Guangdong Provincial Labor and Social Security said they will help unemployed workers find new jobs, may also use legal means to protect their legitimate rights and interests.

As the rising costs of labor force and the imports, the appreciation of the Renminbi, more stringent inspection standards and other factors, the prosperity of Guangdong exporters suffered a blow in recent years.

Today, the U.S. credit crunch led to the spread of the crisis. China South factories can only rely on the instability of the loan to survive, and had to lower profits for foreign orders.



Comments are closed.

Most Popular Content

About Danmex Blog

China Trade Business Information guides provide China trade market intelligence, hot topics on China trade, setting up and conducting import and export trade business in China. They also provide China taxation, IPR, trade distribution channels, China trade policies, regulations and tariffs, as well as sharing expert advice on the China trade market and industry.

Resources on Business with China - 12 25, 2008 22:58 - 1 Comment

Housing permits, starts hit record lows

More In Resources on Business with China


Resources on Business with China - 12 25, 2008 22:58 - 1 Comment

Housing permits, starts hit record lows

More In Resources on Business with China


Resources on Business with China - 12 25, 2008 22:58 - 1 Comment

Housing permits, starts hit record lows

More In Resources on Business with China