Friday, 09/01/2009 10:56

HCM City companies cut staff by 10,000

Forty-six companies in Ho Chi Minh City have reduced their workforce by a total of 10,726 because of a cutback or shutdown in production due to the global financial crisis, according to the municipal Labour Federation.

Most of the companies are in the footwear, textile and garment, wooden furniture, electronics and food processing sectors.

The federation’s vocational training employment centre and district-level labour federations have been finding jobs for the laid-off employees in companies operating in similar sectors.

Of the 10,726 jobs lost, at least 8,367 of the workers have found new jobs.

Of the remaining 2,359 workers, 412 are either pregnant or ill and 1,947 have returned to their home provinces.

In a related matter, about 20,000 employees in the seafood industry in the Mekong Delta are working reduced hours because of production slowdowns.

Most of these companies are operating at only 30 percent to 50 percent of their capacity because of a shortage of input materials.

They have also rearranged schedules so that employees can rotate until the supply of input materials becomes abundant again.

Labour unions have also organised training courses for workers on their days off.

vna

Other News

>   12 trillion VND down the drain in Dong Nai (09/01/2009)

>   Vietnam Airlines reaches for the skies in 2009 (09/01/2009)

>   US-bound exports surge amid global financial crisis (09/01/2009)

>   Handicraft villages face job cuts, bankruptcy (08/01/2009)

>   Forex management policy must be flexible but stable: Expert (08/01/2009)

>   ASEAN tourism focuses on regional market (08/01/2009)

>   Soco says Vietnam clears two appraisal areas (08/01/2009)

>   Exporters urged to watch Malaysian contracts (08/01/2009)

>   Exporters feeling the pinch from falling demand (08/01/2009)

>   Italian motor factory opens in southern province (08/01/2009)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version