China Financial Daily

December 23, 2008

Lay off and Unemployment

Filed under: Financial News — Tags: , — kinpoo @ 5:09 am -0800

Taiwan: the highest Unemployment Rate in the past 4 years
Taiwan Statistics Sector released an unemployment report on 22nd, affected by the massive layoffs of the companies, in November the number of the unemployed people from Taiwan companies has reached to 36 thousand, hitting a new higher record.

Wenzhou Enterprises promised not to cut payment and layoffs collectively
The president of the Wenzhou Angulon Group Chen Yongmei, 74-year-old, headed out again. Because of his advanced age and early gastric cancer, he relegated behind the “second-line”, then gave the company to 5 professional managers to manage. Recently in front of the financial crisis, he chose to come back.

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