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  • July 24, 2014
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  1. 1b yuan loan plan aims to help laid-off workers

    Posted Jul 11th 2006, 12:00am by Minnie Chan

    ... Minnie Chan Trade unions join forces with a bank to set up credit scheme China's trade unions are joining forces with a bank to provide 1 billion yuan of loans to help laid-off workers return to work. China News Service said yesterday 250,000 laid-off workers were expected to benefit from the All-China Federation of Trade Union's 'small business credit plan ...

  2. Trading places from boom to bust

    Posted Jun 27th 2005, 12:00am by Mark O'Neill

    ... programmes that were billions of yuan short of money. In early 2000, as many as 20,000 workers and retirees reportedly took to the streets in Liaoning province to protest over non-payment of wages ... Even though very few shares were actually sold, the market's psychology changed. The Shanghai index was trading near 1,600 points by early October that year. It now hovers not far above ...

  3. Mainland pension fund earmarks 7b yuan for five investment targets

    Posted Apr 12th 2010, 12:00am by Staff Reporter

    ... The mainland pension fund has chosen five funds to invest in this year, and the amount may involve up to 7 billion yuan (HK$7.96 billion), the fund's head said yesterday. Dai ... in and the investment amount would be between 6 billion yuan and 7 billion yuan. Dai did not identify the funds. The pension fund was set up in 2000 with state capital and dividends from listed state firms. ...

  4. Back pay still owed years after sackings

    Posted Mar 13th 2007, 12:00am by Josephine Ma

    ... live in dismal conditions, says a unionist. Xu Deming, deputy chairman of the All-China Federation of Trade Unions, told CPPCC delegates yesterday that bankrupt SOEs, or state firms, transformed into shareholding companies still owed former workers a total of 2.05 billion yuan in back pay and 700 million yuan of compensation as of June last year. Many state firms were wound up ...

  5. Complaints about US job losses overblown

    Posted May 02nd 2007, 12:00am by Tom Holland

    ... production', US senator Byron Dorgan is sponsoring a bill before Congress that would strip China of its permanent normal trade relations status awarded in 1999. 'Americans cannot and should ... that in 2004 the average hourly compensation cost for manufacturing workers in China was 5.50 yuan, or 67 US cents. That is just 3 per cent of the cost of employing a factory worker in the US. ...

  6. Death for workers who killed over pay

    Posted Apr 07th 2006, 12:00am by Staff Reporter

    ... wages, and several high-profile murder cases have been linked to the situation in recent years. A survey by the All-China Federation of Trade Unions said 100 billion yuan in wages was owed ... 39-year-old Hunan farmer Xie Zhongnan guilty of killing a colleague and attempting to murder his boss on January 17 last year after his boss, the owner of a mushroom farm, refused to pay 3,800 yuan ...

  7. Social issues, price woes deepen factory dilemma

    Posted Apr 03rd 2006, 12:00am by Toh Han Shih

    ... workers in China were owed more than 100 billion yuan in unpaid wages last year, according to the All-China Federation of Trade Unions. The Business Social Compliance Initiative (BSCI) has ... Dieter Koeppe, senior adviser to the Foreign Trade Association, a group of EU retailers and traders. The association formed BSCI to improve conditions in plants that supplied EU retailers, Mr ...

  8. Shanghai pulls out all stops to bolster union

    Posted Aug 16th 2007, 12:00am by Bill Savadove

    ... of free services and access to an activities centre with classes in everything from Latin dancing to yoga. It has asked workers to pay 50 yuan to join the union, though one organiser said dues had ...

  9. Union hits 193m members, aims for 10m more

    Posted Mar 15th 2008, 12:00am by Staff Reporter

    ... Jane Cai The mainland's top trade union boasted yesterday that 193 million people, or 71.5 per cent of the nation's employees, were under its umbrella and announced that it aimed to recruit 10 million more migrant worker members this year. The All-China Federation of Trade Unions (ACFTU) has been urging foreign-funded and private companies to set up unions since 2006, ...

  10. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific ... be completed by the end of June. He also said the bank would continue to hire in the region as it developed more fee-income and yuan-related businesses. But even as the bank's Asia-Pacific ...




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