China Financial Daily

April 29, 2009

Consolatory message from Hu Jintao to Mexican leader over swine flu threat

Filed under: Financial News — Tags: , , — Nancy @ 12:05 am -0700

President Hu Jintao sends consolatory message to Mexican leader over swine flu threat
Chinese President Hu Jintao sent a consolatory message on Tuesday to his Mexican counterpart Felipe Calderon after a swine flu outbreak has killed 152 people in the country. In the message, Hu expressed sincere consolation to Calderon, the Mexican government and the people on behalf of the Chinese government, the Chinese people, as well as in his own name. China is willing to strengthen cooperation with Mexico in addressing the challenges posed by the deadly influenza virus, Hu said, adding that China is ready to provide any assistance that may be necessary.

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April 28, 2009

Magna layoffs for 725 employees in Ontario

Filed under: Financial News — Tags: , — Nancy @ 11:58 pm -0700

Magna factory will temporarily lay off 725 employees in Ontario
Canadian parts supplier Magna announced on April 27, the company would lay off 725 employees the Formet Industries factory. Canada, local media reported that the layoffs would be started from May 4, involving temporary workers and white-collar workers, the layoffs in the plant are more than half the current total number of employees.

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Xilinx layoffs for 6% of its employees

Filed under: Financial News — Tags: — Nancy @ 11:54 pm -0700

Xilinx announced to lay off 6% of its employees
Programmable logic chip supplier Xilinx recently announces that the company plans to lay off 6% of its employees. It is learned that, Xilinx management said the company would lay off 130 employees in 400 Ireland employees. A company spokesman said that the layoff was in line with the company’s global restructuring so as to improve competitiveness.

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