City aids firms hiring laid-off workers

PUBLISHED : Monday, 24 November, 2008, 12:00am
UPDATED : Monday, 24 November, 2008, 12:00am

The Beijing city government has offered a subsidy to firms willing to hire laid-off workers, mainland media said yesterday, in the latest instance of local governments trying to combat the threat of rising unemployment.

Companies could get up to 10,000 yuan (HK$11,360) a year per worker for the next three to five years, according to a report by the China News Service, citing the capital's labour bureau.

The report did not say whether the rehired workers needed to be Beijing residents.

It said the city government had set job creation as its top policy objective next year.

Firms that offered jobs to disabled people, people from low-income households or people who were near retirement age could receive the maximum subsidy for five years, the report added.

Investment projects which could create jobs would be given priority by the city government, it said.

The report said no mass lay-offs had been reported in Beijing.