August 11, 1999
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| August 11, 1999 | atimes.com | |
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| China Three million Chinese to lose jobs this year BEIJING - More than three million Chinese state-owned enterprises (SOE) employees are expected to be laid-off this year. This figure was revealed by Zhang Zuoji, Minister of Labor and Social Security, in a report to the Financial and Economic Committee of the National People's Congress, the country's top legislature. The current number of former SOE workers who haven't found jobs nationwide is estimated at 6-7 million. ''Among SOE laid-offs, 95 percent have registered at re-employment agencies, and 94 percent of those registered have been provided with basic living expenses,'' said Zhang, citing the results of a survey made by the ministry in more than 3,000 SOEs across the country. ''Appropriation of basic living expenses among and re-employment of laid-off workers play a positive role in promoting reform, development and social stability,'' the minister said. He estimated that China will need 24.5 billion yuan this year to provide basic living expenses to laid-off workers but the amount available now is only 19.5 billion yuan. Traditional industrial bases like Liaoning, Heilongjiang and Jilin provinces and poor central and western provinces and regions like Sichuan, Shaanxi and Inner Mongolia are those suffer most from funding shortages. He urged governments at all levels to adjust local budgets to increase funds to help laid-off workers and enhance the management and auditing of the use of the funds to prevent misappropriation. (Asia Pulse/XIC) | |||||||||
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