Subscribe to RSS feedChina firms looking at wage costs
by
Hui Ching-hoo, Hong Kong
—
last modified
Jul 30, 2009 06:16 PM
MORE than two-thirds of 150 large Chinese shipping companies intend to freeze or cut salaries this year in a bid to tackle the tough business environment.
A joint survey conducted by Shanghai Shipping Exchange and CIC HR Management Consulting showed 55% of respondents said they would freeze wages this year.
Of the 150 companies surveyed, 15% said they would cut their employees’ salaries.
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