Article: Chinese Railways.(1.1 million to be laid off in partial privatization)(World Update)(Brief Article)

CHINESE RAILWAYS plans to shed 1.1 million employees--one third of its work force--as part of a major restructuring during the next three years. Officials say 300,000 workers will be cut, another 300,000 will be transferred to non-transport subsidiaries of CR. The fate of the other 500,000 is unknown. Although CR struggles to provide sufficient capacity for freight and passenger traffic demand, ...

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