China 

China’s economic growth unable to boost employment as job market drops to six-year low, says think tank

Despite better-than-expected economic growth in the first quarter, China’s job market performed at its worst level in six years at the start of 2019, according to an industry report published on Friday.The number of jobs seekers normally rises during January to March when many workers look to change jobs and college graduates start looking for career opportunities after their graduation. However, in the first quarter, the number of potential applicants rose to the highest level since 2011 while… Source link

Read More
Home 

JD targets deep job cuts as morale sags at Chinese online shopping site

JD.com is preparing deep cuts to its workforce and rescinding some job offers as the Chinese e-commerce giant struggles to revive dwindling morale and rein in losses, people familiar with the matter said.Alibaba Group’s closest rival told managers that it is looking to reduce headcount across the company, cutting some teams by as much as half, one of the people said, citing an internal email. JD is reneging on some work contracts and offering impacted college graduates token compensation of 5… Source link

Read More
Singapore 

Man charged over armed robbery at foodcourt, investigations reveal possible inside job, Singapore News

SINGAPORE – Police were alerted to a case of armed robbery at a foodcourt last weekend, only to uncover later that it could have been an inside job, with a worker at the eatery being the mastermind of the heist. A 47-year-old man, Tan Lye Meng, whom the worker had allegedly roped in, was charged in court on Friday (March 8) with armed robbery. He was accused of arming himself with a knife to rob the Kopitiam management office at Block 11 Rivervale Crescent in Sengkang at around 11.45am on…

Read More
China 

iPhones costs US$800, I was offered a job at Foxconn to assemble them for US$1.7 per hour, 40 hours per week

The gate to Foxconn’s huge Zhengzhou facility is enveloped in a grey haze, pollution hangs constantly in the air.Outside a man is smoking, his luggage at his side. He has been squatting on the ground for more than 10 minutes.“Are you looking for work here?” I asked him. “Yes,” he replied, “you too?”He stubbed out his cigarette, threw his bag on his shoulder and asked me to follow him to the plant’s reception area, where jobseekers can apply for work.The man had previously been a worker at… Source link

Read More
Home 

China’s job market has worsened amid trade war, sharper slowdown ahead, Nomura report suggests

A recent surge in online searches for keywords such as “lay-offs” and “job seeking” suggests the job market in mainland China has deteriorated amid its ongoing trade war with the United States. According to a report released on Friday by Japanese investment bank Nomura, searches by Chinese internet users for the word lay-off have surged since October last year, reaching a record high in December. Similarly, searches for the words job seeking have risen since November and hit a record high in January. China takes steps to support jobs as…

Read More
Home 

Didi said to begin major job cuts as it overhauls ride-hailing business in China after safety backlash

Didi Chuxing will eliminate about 2,000 jobs, kicking off one of the biggest rounds of cutbacks in China’s technology sector, people familiar with the matter said. Co-founder Cheng Wei announced the cuts, representing 15 percent of its workforce, during an internal meeting on Friday, where he said some businesses will be re-evaluated and cut back if needed, the people said. But the company plans to hire 2,500 workers to staff other areas during 2019, the people said, asking not to be identified talking about a private matter. After driving Uber…

Read More
Home 

As Foxconn changes US manufacturing plans, job promises fall short

It has been 18 months since Foxconn Technology Group, the world’s largest electronics contract manufacturer, announced to great fanfare that it was building a US$10 billion factory to make television screens on farmland in southeastern Wisconsin in the United States. The plan was as big as it was audacious: Fuelled with billions in taxpayers subsidies, the Taiwanese company, formally known as Hon Hai Precision Industry, would build a 22 million square-foot campus, filled with 13,000 highly paid workers. In the process, it would transform the sleepy village of Mount Pleasant,…

Read More
Singapore 

Aloysius Pang was ‘qualified and competent’ to do his job in exercise: Army chief, Singapore News

SINGAPORE – While on an overseas live firing exercise last week, Corporal First Class (NS) Aloysius Pang was part of a team that was called in to diagnose a suspected fault with the Singapore Self-Propelled Howitzer (SSPH). Before the diagnosis could begin, the gun barrel had to be lowered to a neutral position, which left CFC (NS) Pang caught between the end of the barrel and the interior of the howitzer. This caused the serious chest and abdominal injuries that led to the Singaporean actor’s death on Wednesday (Jan 23).…

Read More
China 

China’s bankers and traders face smaller year-end bonuses and fewer job opportunities in 2019 amid trade war and market rout

China’s bankers and traders are facing smaller bonuses and fewer job opportunities, as the nation’s securities industry stutters after years of rapid growth. The sector, adjusting to a slowing economy, tightening credit and plunging stocks, last year saw its first annual headcount cut since 2014, the earliest official data available. A drop in stock sales meant most securities firms didn’t win a single mandate last year, and a third of them will not pay bonuses for 2018, according to Eric Zhu, a Shanghai-based manager at global recruiter Morgan McKinley. While…

Read More
Singapore 

Salary not the biggest driver of job satisfaction for Singapore workers: Survey, Singapore News

SINGAPORE – Salary is not the biggest driver of satisfaction among Singapore employees, according to a study by data collection platform Qualtrics with more than 500 participants from Singapore. These results are part of a larger survey on more than 6,000 participants globally, including countries like Australia and the United States. The survey was done in a multiple-choice format with a five-point scale for participants to choose from, ranging from “always” to “never” or “extremely satisfied” to “extremely dissatisfied”. The report released on Wednesday (Jan 16) sought to provide details…

Read More